Virginia Homeowners Insurance
Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. Stover Insurance Agency
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.
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
(571) 261-2700 or (540) 465-5103 to discuss the
features.
We are a local northern VA insurance agency offering affordable Virginia homeowners
insurance policy premiums to residents of the following cities and counties: Haymarket,
Strasburg, Gainesville, Bull Run, Catharpin, Manassas, Sudley Springs, Broad Run,
Centreville, New Baltimore, Bristow, The Plains, Nokesville, Warrenton, Bethel, Old Tavern,
Marshall, Rectortown, Orlean, Casanova, Catlett, Halfway, Middleburg, Chantilly, Arcola,
Aldie, Manassas Park, Vienna, Fairfax, Tysons Corner, Arlington, Springfield, Alexandria,
Annandale, Lorton, Dale City, Reston, Herndon, Sterling, McLean, Fairfax Station, Oakton,
Fisgers Hill, Zepp, Reliance, Limeton, Middletown, Toms Brook, Maurertown, Lebanon
Church, Front Royal, Stephens City, Mountain Falls, Mount Olive, Star Tannery,
Woodstock, Edinburg, Detrick, Bentonville, Browntown, Linden, Chester Gap, Huntly,
Markham, Cedarville, Armel, White Post, Nineveh, Boyce, Millwood, Winchester, Berryville,
Albin, Prince William County, Loudoun County, Fairfax County, Fauquier County, Warren
County, Frederick County, Clarke County, and Shenandoah County, VA.
Virginia Homeowners Insurance FAQ
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.
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 (571) 261-2700 or (540) 465-5103 to discuss the 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
Virginia Homeowners Insurance
Superior Service with an Independent Price
STOVER
Virginia Homeowners Insurance
INSURANCE AGENCY
Stover Insurance Agency, Inc.
Copyright 2007-2008 - All rights reserved
Stover Insurance Agency
6611 Jefferson St., #303
Haymarket, Virginia 20169
Prince William County, VA
Office: 571-261-2700
Fax: 571-261-2720
Answer a few questions and we
will provide you with an
insurance quote by phone or
email. Choose the Virginia
personal or business insurance
coverage you're interested in
from the menu above.
Stover Insurance Agency
157 N. Holliday St.
Strasburg, Virginia 22657
Shenandoah County, VA
Office: 540-465-5103
Fax: 540-465-3291
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