Homeowners insurance should reflect how your home, belongings, liability exposure, and rebuilding costs have changed over time.
Harter Insurance Agency helps homeowners in Midlothian and across Virginia compare coverage options for dwelling protection, personal property, loss of use, liability, medical payments, deductibles, and available endorsements.
Replacement Cost And Coverage Gaps
A homeowners review can help compare rebuild cost, policy limits, deductibles, water or flood concerns, jewelry and collectibles, and changes after renovations or major purchases.
Virginia Homeowners Insurance FAQs
What does homeowners insurance typically cover in Virginia?
A standard homeowners policy usually includes dwelling coverage, other structures, personal property, loss of use, personal liability, and medical payments to others.
What is personal property coverage?
Personal property coverage helps replace belongings damaged or destroyed by a covered loss, including furniture, clothing, electronics, appliances, and household goods.
What is additional living expense coverage?
Additional living expense coverage, also called loss of use, can help pay extra costs if a covered loss makes your home uninhabitable.
What is personal liability coverage?
Personal liability coverage may protect you if you are legally responsible for bodily injury or property damage to others, such as a guest slipping on your property.
What is not covered by standard homeowners insurance?
Common exclusions often include flood damage, earthquake damage, war, nuclear hazards, neglect, intentional damage, and some ordinance or law costs.
Is flood insurance included?
No. Standard homeowners insurance generally does not cover flood damage. Homeowners in flood-prone areas should consider separate flood insurance.
Should I insure my home for market value or replacement cost?
Homeowners insurance should generally be based on the cost to rebuild the home, not real estate market value.
How often should I review my homeowners insurance?
Review your coverage at least annually and after renovations, additions, major purchases, occupancy changes, or rising construction costs.
Questions about how this applies to your policy? Contact Harter Insurance Agency for a coverage review.
