Virginia Homeowners Insurance

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  • Virginia Homeowners Insurance

From Richmond to Roanoke and Newport News to Norfolk, Old Dominion is home to some of the best, most diverse landscapes in the southeastern United States. Homeowners who get to call their home one with hundreds of miles of beaches and hiking trails are pretty lucky. But luck isn’t constant, and Mother Nature’s wrath could change that in an instant. That’s why everyone who owns a house in the state should enroll in a Virginia homeowners insurance policy to protect their biggest investment and so much more.

At Clovered, we’ve teamed up with some of the best homeowners insurance companies in Virginia, which allows us to compare quotes from multiple providers and bring you the cheapest and best policies that meet your coverage needs. Our online quote engine is like a calculator that runs through hundreds of policies until we find a policy that fits your budget.

What’s Covered With a Virginia Homeowners Insurance Policy?

Homeowners insurance in Virginia covers the structure of your house, your personal belongings and much more, including unexpected incidents that could occur on your property. While you get to choose the amount of coverage you enroll in, the following six coverages come standard in every homeowners insurance policy.

Coverage A: Dwelling

This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B: Other Structures

Structures on your property that aren’t connected to your househouse fall under this coverage. It includes things like fences, sheds and even satellite dishes. Coverage for these structures is typically up to 10% of the policy’s dwelling maximum.

Coverage C: Personal Belongings

Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can pay to replace things like furniture, electronics, clothes and even items kept on the property, like lawnmowers.

Coverage D: Loss of Use

Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E: Personal Liability

This coverage can provide financial protection for accidents that occur on the policyholder’s property, damage to other people’s property and dog bites. It can help pay for medical expenses, legal fees and property damage if the policyholder is deemed liable.

Coverage F: Medical Payments

Similar to personal liability, medical payments to others covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.

Which Perils Are Covered by Homeowners Insurance in Virginia?

Virginia is in a unique spot in the country. It’s midway up the east coast, so it faces major weather events from hurricanes and heavy snows to bitterly cold winters and steaming hot summers. Each season comes with its own risk of perils that a Virginia homeowners insurance policy could protect you from.

10 Named Perils Under HO-1:

  1. Vandalism
  2. Theft
  3. Damage caused by vehicles
  4. Damage caused by aircraft
  5. Rioting or civil disturbances
  6. Smoke damage
  7. Fire or lightning
  8. Windstorm or hail, such as a hurricane or tornado
  9. Explosions
  10. Volcanic eruptions

16 Named Perils Under HO-2:

  • (All 10 named perils under HO-1, plus the following)

  1. Frozen pipes
  2. Falling objects
  3. Damage caused by heating, air conditioning or plumbing
  4. Damage due to snow, ice or sleet
  5. Damage from water heater, including cracks, burns or tears
  6. Damage from electrical currents, such as downed powerlines

What’s the Average Homeowners Insurance Cost in Virginia?

From Virginia Beach to Northern Virginia, the average cost of homeowners insurance in Virginia is about $950 per year, which is lower than the national average and much lower than many other states that face similar perils from Mother Nature.

This average cost depends on a lot of factors, such as the cost of your home, how much coverage you enroll in and your claims history. By getting a quote with Clovered, we may be able to bring down your premium price even lower than the state’s average.

  • Average Cost of Homeowners Insurance in Virginia: $950 per year

How to Get the Cheapest Homeowners Insurance in Virginia

If you want a Virginia homeowners insurance policy with adequate coverage that doesn’t break the bank, Clovered is the perfect place to start. Our online quoting engine takes your legwork out of the equation. Simply type in your address, answer a few questions and we’ll pair you with a policy in minutes that meets your coverage needs and your price requirements.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.