MENU is privately owned and is neither operated by, nor affiliated with, any government agency.

Homeowners Insurance in Virginia

Homeowners insurance coverage in Virginia will provide financial protection in the event your home sustains damage or someone is injured on your property. Homeowners insurance is not required by law, but there are a few situations in which you may be required to get a policy to satisfy other agreements, such as a mortgage contract or a rental agreement. There are a variety of cheap homeowners insurance policies available for you to choose from in Virginia. Homeowners insurance companies offer a variety of options that can be tailored to suit your individual insurance needs. It is important to compare homeowners quotes before making a decision on a policy. You can get homeowners insurance quotes here. Home and property insurance can be a large expense, but it is important to have coverage in the event anything happens to your home. Below, learn more about insurance options for your home in Virginia and find out how to get a policy.

Types of Homeowners Insurance Coverage in Virginia

Most homeowner insurance policies in Virginia combine multiple types of coverage into one policy. In general, home insurance coverage can pay to repair damage, replace belongings, pay lawsuits and even pay for housing if you are no longer able to live in your home due to damage. Specifically, the four main types of home and property insurance coverage in Virginia include:

  • Property damage coverage, which pays for damage to the structure of your home due to fires, water damage and other perils.
  • Liability coverage, which pays for any expenses you may face after someone is injured on your property or when something on your property causes damage to another person’s property.
  • Medical payments coverage, which will cover medical bills if people outside of your household require treatment for injuries that occur on your property.
  • Living expense coverage, which will pay for hotel or apartment rental expenses if you are required to move out of your house after specific types of damage make it unlivable.

In Virginia, all homeowners insurance policies are required to offer these basic coverages. However, some companies can offer additional coverage on top of these basic coverage types. When choosing a policy, be aware that some policies will only cover specific types of damage and incidents. Other home insurance policies may cover damage and incidents that are not exclusively named in your policy. It is important to ask about the exact home insurance coverage you will receive before buying a policy. How comprehensive your Virginia homeowners insurance coverage is will affect how much you pay. Compare homeowner’s insurance quotes here before finalizing a policy.

How to Choose a Virginia Homeowners Insurance Policy

When shopping for home insurance in Virginia, it is important to choose a policy that offers enough coverage for the value of your home. The home and property insurance policy you choose will depend on the type of housing you live in, the amount you can afford to pay for insurance and the amount of home insurance you feel is required for your property. It is recommended that you insure your home for at least 80 percent of its value. If you do not purchase enough homeowners insurance, then your policy may not cover the full cost of damage in the event anything happens to your home or property. When buying homeowner insurance in Virginia, you will also want to consider the cost to replace your valuables and other belongings in your home. Choosing the terms for your home and property insurance policy will also require that you pick a deductible amount. If you have a lower home insurance deductible, then your premiums may be higher. On the other hand, choosing a higher insurance deductible will result in a lower premium. Keep in mind that the higher your homeowners insurance deductible is, the more you will pay out of pocket for an incident before your insurance coverage will begin. Find a Virginia homeowners insurance policy that is suited for your budget by comparing quotes here.

How to Compare Virginia Homeowners Insurance Quotes

Virginia homeowners insurance companies are allowed to offer competitive rates by law, meaning that companies can charge a different amount for the same coverage. Comparing rates is the best way to get a good deal on your insurance policy. Compare homeowners quotes in Virginia here to start your search. While getting the cheapest homeowners insurance is beneficial in some cases, you should also consider each insurance company’s policies, practices and reputation. Not all companies offer the same level of service, making it important to shop around.