Affordable Homeowners Insurance

What Virginia Homeowners Insurance Covers

Virginia, known for its diverse landscapes and varying weather conditions, requires homeowners to be mindful of certain factors that may impact their insurance needs. Mercury Insurance understands these unique requirements and provides comprehensive coverage to ensure your home is safeguarded in various situations.

• Dwelling protection: This coverage protects your home's structure from covered losses, such as fire, windstorms, and other potential hazards.
• Personal property: This coverage safeguards your personal property, helping you replace or repair items such as furniture, electronics, and clothing in the event of covered incidents like theft or damage.
• Extended replacement cost: This option ensures that you receive adequate compensation to rebuild your home, even if the construction costs exceed the initially estimated amount.
• Additional living expenses: If your home becomes uninhabitable due to a covered loss, this coverage helps pay for additional living expenses, such as hotel accommodations and meals.
• Personal liability protection: If you’re found responsible for injuring someone or damaging their property, this coverage provides financial protection.
• Guest medical protection: This coverage helps pay for your guest’s medical expenses if they injure themselves on your property.
• Green Home: If you suffer property damage from a covered loss, this coverage option provides up to an additional 10% of replacement costs for choosing environmentally friendly alternatives or construction methods.
• Extended siding and roofing protection: If a portion of your roofing or siding gets damaged and the original materials are unavailable, this coverage helps pay the cost of replacing the undamaged roofing or siding to ensure a consistent look.
• Refrigerated product protection: This coverage offers up to $1,000 if your food spoils due to a blackout or mechanical failure.

Contact us today for a fast, free quote!

What Factors Determine Your Homeowners Insurance Rate?

In Virginia, insurance companies assess various factors to formulate your risk profile. Generally, a heightened risk profile often correlates with a higher homeowners insurance rate. Here's a rundown of some of the factors insurers consider when establishing your rate:

• Age and condition — Insurance companies take note of the age and condition of your home, particularly focusing on older homes with outdated plumbing, electrical, or HVAC systems. Given the state's rich history, older homes may present additional challenges in terms of maintenance and repair, influencing insurance rates.
• Replacement cost — The replacement cost of your home is a key factor in determining your insurance rate. The replacement cost of your home is a key factor in determining your insurance rate. Whether your home is a historic gem or a modern house, insurers assess the potential cost of replacement, factoring in Virginia's construction requirements and materials.
• Location — Insurance rates are influenced by your home's location, with particular attention to crime rates and susceptibility to natural disasters. Coastal regions, for example, may face increased risks from hurricanes, impacting insurance rates for homeowners in these areas.
• High-risk home features — High–risk features, such as swimming pools, wood-burning stoves, and trampolines, can increase insurance rates due to the potential for accidents or liabilities.
• Credit history — Insurers often perceive a poor credit score as an indicator of potential late payments and an increased likelihood of filing claims. You may face higher insurance rates if you have a poor credit history.
• Dog breed — Insurers may assess the ownership of "aggressive breeds," such as Rottweilers, German shepherds, or pit bulls, as potentially increasing liability risks. You may encounter higher insurance rates due to the perceived risk associated with certain dog breeds.