Virginia Homeowners Insurance
Whether you own a house, condominium or
townhouse, for most people their home is their most
important investment. All Coverage Insurance offers
Virginia homeowners insurance policies that have
flexibility to meet your individual needs and above all,
provide you with the security that comes only from
the knowledge that your home is safe.
Insurance for your home is one of the most popular
and important forms of personal insurance and the
typical Virginia Homeowners Insurance policy has
two main sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you
in case of lawsuits arising from things that happen
on your property)
Homeowners insurance is often required by lenders
to obtain a mortgage and nearly everyone, whether
you own or lease property, should have the
protection of homeowners insurance.
Virginia Homeowners Insurance FAQ
Click on the link below to fill out a quote request form for a
Virginia Homeowners Insurance policy that will provide excellent
insurance coverage at an affordable cost. Or you can speak
with one of our Virginia Homeowners Insurance agent
specialists at (804) 706-1766 to discuss the policy features in
more detail.
Covered losses under a Virginia homeowners insurance policy can be paid on either a
replacement cost basis or on an actual cash value basis. When "actual cash value" is
used, the policy owner is entitled to the depreciated value of the damaged property.
Therefore, the older the item is, the less money you may receive for it. If you choose
the "replacement cost" coverage, the Virginia homeowners insurance policy will
reinburse the amount it costs to replace the property with something of a similar type
and quality at current prices.
We are a full-service Chester, VA insurance agency offering affordable Virginia
homeowners insurance policy premiums in the following cities and counties:
Richmond, Petersburg, Chesterfield, Centralia, Colonial Heights, Kingsland,
Bensley, Varina, Midlothian, Bon Air, Montrose, Hopewell, Matoaca, Ettrick, Prince
George, New Bohemia, Sandston, Fair Oaks, Highland Springs, Lakeside,
Mechanicsville, Laurel, Short Pump, Glen Allen, Greendale, Atlee, Winterpock,
Adkins Store, Garysville, Burrowsville, Brandon, Savedge, Disputania, Carson,
Sutherland, Five Forks, Moseley, Stott, Flat Rock, Roxbury, Tallysville, Studley,
Ashland, Rockville, Manakin, Elmont, Hanover, Crozier, Prince George County,
Dinwiddie County, Charles City County, Powhatan County, New Kent County,
Hanover County, Henrico County, and Chesterfield County, VA.
An "All Risks" policy provides the broadest Virginia homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded
in the policy. A "Named Perils" policy covers losses that are due to only those perils
listed in the standard Virginia Homeowners Insurance policy and typically include fire,
hail, windstorm, and other physical losses.
Virginia Homeowners Insurance Policy FAQ
If your policy limit is less than 80% of the replacement cost of your home, you will face
a "coinsurance penalty," which means you'll have out-of-pocket expenses to cover
costs beyond the policy deductible you chose. For example purposes we will assume
your home's estimated replacement value (RCV) is $100,000. The co-insurance
clause requires you carry at least $80,000 (80% of your RCV). If you chose to
purchase only a $40,000 Virginia Homeowners Insurance policy you would be
underinsured by half. Therefore, in the example the insurance company would pay
one-half of a loss less the policy deductible, so if you suffered a $10,000 covered loss
to your house, condominium or townhouse and had a $500 deductible, your policy
would only pay $4,500.
Virginia Homeowners Insurance Policy FAQ
Personal liability in a Virginia homeowners insurance policy is also an important part
of having security from accidents that may occur on your property. We suggest you
choose coverage limits that are not less than those on other liability insurance you
own, such as car insurance.
Click on the link below to fill out a quote request form for a Virginia Homeowners
Insurance policy that will provide excellent insurance coverage at an affordable cost.
Or you can speak with one of our Virginia Homeowners Insurance agent specialists
at (804) 706-1766 to discuss the policy features.
**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.
Replacement Cost or Actual Cash Value
Virginia Homeowners Insurance Policy FAQ
All Risks or Named Perils
Coinsurance Penalty
Personal Liability
Virginia Homeowners Insurance Policy FAQ
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Virginia Homeowners Insurance Information
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All Coverage Insurance
11950 Ironbridge Plaza
Chester, Virginia 23836
Chesterfield County, VA
(804) 706-1766
Fax: (804) 706-1013
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