Hurricanes are massive and often damage many homes

Getting Home Insurance in Virginia Beach

Home insurance in Virginia Beach provides protection against the financial loss you may incur if there is damage to your home and the furniture, clothes, and appliances within it caused by forces outside of your control. These include fires, lightning strikes, windstorms, falling objects, vandalism, theft, and more. Most policies also include liability coverage if someone is injured on your property and you’re found responsible.

However, insurance in Virginia Beach typically doesn’t include coverage for flood or earthquake damage. Since the Virginia coast, which includes Virginia Beach, receives tropical storms and hurricanes with some regularity, you may want to consider purchasing flood insurance if you live in a low-lying area. Flood insurance can be purchased through your insurance provider or the National Flood Insurance Program (NFIP).

Factors of Home Insurance Rates in Virginia Beach, Virginia

Virginia Beach insurance companies consider many things when calculating how much you will pay to insure your home. One of the main factors that determine your cost of insurance is how much coverage you have. The more coverage you want, the more you will have to pay. Your home’s age and condition also have an effect on the cost. Insurance companies calculate your payments based on the risk of insuring your home. Therefore, a newer home that is in better shape will cost less to insure because it’s less likely to have problems with the electrical wiring or plumbing. In fact, some insurance providers elect to not provide coverage for a home they consider it to be in poor condition.

The location of the home in Virginia Beach is important as well. If it’s close to a fire station, it may be less expensive to insure because it is assumed that firefighters will be able to respond quicker to an emergency, which may reduce the chance of widespread property damage. Moreover, if there is a history of environmental disasters, such as flooding or landslides, in an area, it may also drive up the cost of insurance. The crime rate may also affect the cost. A home in a high-crime area may be more expensive to insure because of the increased risk of vandalism or theft.

  Robbery Burglary Larceny-theft
2010 422 2,151 10,431
2009 452 2,043 10,751
2008 537 1,921 10,046

Finally, insurance companies base your cost of insurance on your credit score and claims history. The good news is there are some ways to save on your insurance. Most insurance companies offer discounts if you take steps to reduce the risk of property damage. These steps may include installing burglar alarms, smoke alarms/detectors, fire alarms, interior sprinklers, and deadbolt locks. The discounts may vary from company to company, so make sure to find out what you can do to save while you shop around.

Home Insurance in Virginia


Get Homeowners
Insurance Quotes

It's free and only takes minutes!