Home Insurance
Protect Your Investment
Hello! You’re a current homeowner or first-time home buyer, or you wouldn’t be visiting here to know more about homeowners insurance. Definitely, you’re in the right place to find all that you need to get affordable home insurance coverage.
Another plus: enjoy peace of mind knowing you’ll be served by proven professionals backed by dedicated resources of a local, independently owned insurance agency.
That means access to a vast array of insurance companies to match your unique needs. Together, we’ll analyze your requirements and match solutions that work for you, always with an eye to maximize your protection and minimize your cost – just as we have successfully served hundreds of Virginia homeowners.
Your Risk Exposures
If you’re like most Virginians, your home is your single biggest investment and a major asset in your overall financial net worth. You (and your mortgage lender) must be assured of adequate insurance protection in the event of one-or-another risk exposures. It’s really all about financial protection if something unexpected happens to your home, possessions or visitors to your home.
Basically, your homeowners policy will provide four distinct coverages:
- Your house/property damage
- The contents of your house
- Legal liability to protect against accidents others may experience at your home
- Additional expenses
Your House
Coverage is to provide money to repair or replace your home or permanent structures on your property if damaged or destroyed by fire or a natural disaster such as wind, hail, lightning, smoke or water damage.
The Contents of Your House
In addition to losses from fire or a natural disaster, you may be reimbursed as a victim of theft and/or vandalism. Insurance coverage may reimburse for furniture, appliances, and clothing. Jewelry may be covered as well, but usually limited as to reimbursable amount, e.g. $500 to $2,000.
Legal Liability
If a guest in your home is injured, liability protection and medical coverage help pay expenses. It may also help cover medical, legal or property damage expenses to others caused by you or members of your household, including pets, plus medical payments coverage for minor injuries to people who don’t live with you but are injured on your property.
Additional Expenses
This coverage will reimburse your normal living expenses while your home is being repaired. For example, your home may be uninhabitable due to fire or a natural disaster which results in you to live in temporary housing.
Pricing
There are a number of factors that go into determining your premium costs (the total price you pay for your policy). We’ll work with you to put together a plan to maximize your protection and minimize your costs.
Here’s a brief rundown on the more common elements in the pricing equation:
Scheduled Items
These are pricier belongings, such as jewelry and art that typically require additional coverage over and above the limits in your basic policy.
Age And Condition
Included are the specific details of building materials, age of your roof, condition of the HVAC system along with the availability and price of replacement building materials.
Deductible
This is the initial amount you pay out-of-pocket before your coverage kicks in. The lower your deductible, the higher your premium.
Location
Risks like extreme weather, crime rate, and distance to a fire station all can impact your rate. For example, you might pay more for waterfront property or if you’re located in an area prone to mudslides. Construction costs also vary by region, which is another factor that determines your homeowners rate.
Discounts That Help You Save
Having deadbolt locks, a burglar alarm, smoke detectors, and other home safety features will help you stay safe plus lower the cost of your homeowners policy.