What are the best homeowners insurance rates in Richmond, VA?
According to a Sample Tables available at virginia.gov, the rates available to the homeowners in Richmond vary widely.
The brief sample table uses these parameters to find Richmond best homeowners insurance by average price and company.
*NOTE: This is a sample. This should not be used to estimate your true homeowners insurance costs. For an accurate cost, get a quote online*
What did we find?
The price gap for a Homeowners policy in Richmond was just over $1,500!
The low was $552 per year. The high was $2170 per year!
This research pointed out several facts about homeowners insurance and what causes the price to fluctuate.
What should you consider when shopping for homeowners insurance?
Richmond might have great homeowners insurance rates with some companies and not others. However, it’s in your best interest to consider your coverage before you worry about having the cheapest premium prices.
One of the biggest problems homeowners face is being under-insured from the rise in home values. Renewing your homeowners policy without considering your homes value can save you a few dollars per year but can hurt you in the long run.
It’s smart to get your insurance agent shop around for you, especially when you have made changes or updates to your home. It’s a really great way to protect your investment.
Even if you have no plans on remodeling, it's a good idea to get the best homeowners insurance quote available every 6 months to a year. It’s important to get the best coverage you can afford because low premiums can also mean less coverage.
Ultimately, premiums can be dependent on something as small as your zip code. So it’s vital that you are always shopping policies to find the best homeowners insurance available in Richmond.
If you own or are considering starting a restaurant, you may not have considered the dangers that exist within the industry. While this shouldn’t deter you from pursuing your passion of being a restaurant owner, it should open your eyes to the realization that workplace injuries occur and that you will need to protect your employees and your business from these liabilities.
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This is a short list but these are the 9 most common injuries for workers comp in restaurants, in no specific order.
If you want to be sure you have the proper workers compensation insurance that you need for your restaurant Call us or Click here to get a free workers comp insurance quote.
The lowest and highest prices for homeowners insurance in Virginia
What is the best cheap homeowners insurance in Virginia? A study done by ValuePenguin has found that, depending on certain factors like proximity to the coast and crime rate, insurance costs can vary drastically. On average, home insurance is $1,088 in the state of Virginia. However, homeowners in Virginia could pay as low as $893. On the high end, $1,527.
The study was based on a homeowners policy for a home valued at $200,00 and approximately 2,000 square feet in size, with the cheapest average annual rate coming to just $835!
What Cities in Virginia pay the most for homeowners insurance on average?
Virginia Beach, VA - $1,760
Kilmarnock, VA - $1527
Urbanna, VA - $1451
Hampton, VA - $1402
Norfolk, VA - $1376
The cities who pay the least are:
Harrisonburg, VA - $893
Salem, VA - $929
Radford, VA - $936
Christiansburg, VA - $937
Vinton, VA - $938
Average Cost of Homeowners Insurance in Virginia by city
If you've ever watched "National Lampoon's Christmas Vacation," you probably laughed as one disaster after another wreaked havoc on the Griswold family's holiday. Unfortunately, mishaps during the holidays are all too common in the real world and are no laughing matter. But if you have the proper insurance coverage, you can minimize the financial damage of most disasters.
Here are several holiday-mishap scenarios that may -- or may not -- be covered by standard homeowners insurance policies.
You Attempt to Roast Chestnuts...
And accidentally burn down the house --COVERED.
Claims tied to fireplace-related fires more than double during the holiday season, according to Allstate claims data. The median cost of such a holiday claim is $10,149. Fortunately, standard homeowners policies cover damage due to fire. Make sure, though, that your policy limits are sufficient to cover the full costs of rebuilding your home and replacing all of your belongings at today's prices. If you've had the same policy in place for many years and the limits have change little, even as you've made expensive purchases and renovations, then you might no longer have enough coverage.
Also, create a home inventory of all your possessions that includes the estimated cost of each item to know whether you have enough coverage and to make filing a claim easier.
Your Outdoor Light Display...
Sets your front yard aflame -- COVERED.
Trees, plants and shrubs are covered under standard homeowners insurance when damaged by fire. However, most policies limit coverage to 5% of your dwelling coverage -- up to about $500 per item, according to the Insurance Information Institute (I.I.I.).
When decorating outside, only use lights and extension cords specified for the outdoors. And don't overload outlets when creating your holiday display. Claims for electrical fires jump 22% during the holidays, according to Allstate, with the median claim totaling $22,683.
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Your Sewer Backs Up...
Because you pour grease from your fried turkey down the drain -- NOT COVERED.
It actually doesn't matter how your sewer backs up. Most homeowners policies do not cover damage caused by sewage backup. You typically have to purchase this coverage separately or as an endorsement to your homeowners policy. When cooking your holiday meals, don't pour grease or dispose of waste in the sink to avoid clogging the drain, which can lead to sewer problems. Sewage-backup claims increase 19% during the holidays, according to Allstate.
A Squirrel Jumps From Your Christmas Tree...
Then your dog chases it and destroys your belongins -- NOT COVERED.
If you've seen the aforementioned "National Lampoon's Christmas Vacation," then surely you remember this scene from the movie. But the fictional Clark Griswold (played by Chevy Chase) would not have been protected by his homeowners insurance for the damage. A standard policy won't cover damage caused by rodents (which is what a squirrel is in the eyes of insurers and many homeowners) or domestic animals such as dogs and cats, according to Allstate. However, it will provide protection if a wild animal -- let's say a reindeer -- gets into your house and causes damage.
Thieves Snatch the Gifts...
Santa left under the tree -- COVERED.
Most homeowners policies provide coverage for possessions at 50% to 70% of the dwelling's coverage. So if your home is insured for $200,000, you'll have $100,000 to $140,000 worth of coverage for your belongings. However, there are limits on some luxury items (more on those limits later), so be sure to talk to your insurance agent about supplemental coverage for certain expensive gifts.
Allstate found that burglaries increase 6% during the holidays. So don't leave deliveries unattended on your doorstep or gifts under the Christmas tree in plain view. Both offer an invitation to thieves. Keep the shades closed, put your tree in a room that doesn't face the street, or keep gifts hidden until you actually give them.
One final tip: Be careful not to share too much detail about your holiday travel plans on social media. The bad guys might be checking your status updates, too.
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The Fur Coat You Wanted to Give Your Wife...
Disappears from the back seat of your car -- MAYBE.
Whether you're covered depends on the value of the coat and whether you elected to have off-premises coverage for your belongings. Your policy should provide coverage if your belongings are stolen from some place other than your home -- unless you opted not to have off-premises coverage. However, some insurance companies limit off-premises coverage to 10% of the amount of insurance you have for your possessions, according to I.I.I. Standard homeowners policies also typically limit coverage for expensive luxury items such as furs, art, jewelry and silverware to a total of $1,000 to $2,000 unless you buy extra coverage.
Allstate found a 7% increase in thefts from locked vehicles during the holidays. To lower your risk of having items stolen from your car, don't leave purchases in the passenger compartment when it's unattended. If you must, keep them locked in your trunk.
The Delivery Man Slips...
On your icy walkway and breaks his arm -- COVERED.
Homeowners policies provide liability coverage, which can protect you against lawsuits for bodily injury or property damage. Your policy also should provide no-fault medical coverage to pay the medical bills of someone injured on your property. However, it's typically limited to $1,000 to $5,000. Spend a little more (perhaps $300 a year) for an additional $1 million worth of umbrella liability protection that will kick in when your standard liability coverage runs out.
To reduce your liability risk, keep your walkway clear of ice and snow so that visitors are less likely to slip and injure themselves. Keep your pet confined so that it can't hurt anyone delivering packages to your home.
Things Get Out of Hand...
At your holiday party and you punch a guest -- NOT COVERED.
Your homeowners liability coverage won't protect you if you intend to hurt somebody. Also be aware that most states have laws that allow social hosts to be held liable if a guest drinks too much, gets in an accident and injures others. Homeowners insurance usually provides some liquor liability coverage, according to I.I.I., but it might not be enough to cover an adverse judgment. Regardless, hosts should ensure that their guests don't consume too much alcohol and encourage the use of designated drivers, taxis and Ubers.
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Read more at https://www.kiplinger.com/slideshow/insurance/T028-S001-holiday-disasters-homeowners-insurance-coverage/index.html#vFYasAf4E64UfHQO.99
Plumbing Insurance: A look at the possible injuries
As a plumber, you know that your job can be very dangerous but if you own your own plumbing business you need to know just how dangerous it can be.
According to a study by The Center For Construction Research and Training conducted between 1997 to 2007 they found these statistics for the main non-fatal plumbing injuries.
These statistics point out a major risk to you as a plumbing business owner and that is why you must be sure to have the right insurance. You have to protect the public, your workers and your business.
If you have spent any amount of time researching the decision of plumbers insurance then you have probably seen advice to get these 3 types of insurance.
While these are key to give your business a basic overall coverage for your plumbing business, insurance isn’t always one size fits all. Each individual business has needs that are specific to the situations that they deal with. For instance, a plumber doesn’t necessarily need the exact same type of insurance as a general contractor.
If you are ready to find out what plumbing insurance coverage fits your businesses unique set of needs, Call us for expert advice at 1(888) 258-8808 or get an quote online today.
The recent spate of natural disasters that devastated parts of North America included a violent variety of events. There were three major hurricanes – Harvey, Irma and Maria – wildfires in Northern California, an earthquake in Mexico and tornadoes in Oklahoma.
Car insurance is one of those things you have to have – if you want to drive a car legally that is. Since most look at insurance as another bill for a service they probably won’t get any use out of, they tend to cut corners and skimp when it comes to shopping and purchasing car insurance. Though it may seem idealistic if you want to save a few bucks each month, these concepts of “saving on insurance” could end up costing you a lot of money in the end. Below are some car insurance mistakes you really don’t want to make:
1. Looking at Price Alone
Though your budget should be considered when it comes to purchasing car insurance, the price shouldn’t be the deciding factor when purchasing insurance. When looking for cheap insurance online, review policies in their entirety and compare the amount of coverage and additional services (like rental cars or roadside assistance) you’ll receive before making a final decision. Paying a little more for a policy that provides full protection is a lot less expensive than getting in an accident and finding out you’re not covered for certain damages.
2. Purchasing the Minimum
Another costly mistake consumers make when purchasing car insurance is purchasing the bare minimum policy. Although purchasing the most basic form of protection like liability insurance can cost a lot less initially, it doesn’t cover as much as you think. Liability coverage only covers property damage and bodily injury protection for the other driver’s and their cars should you be the one at fault. However, if your car is damaged in a hit and run, by an uninsured motorist, or damaged from something other than a vehicle, you’re not covered. You will have to pay the expenses to repair your car, medical costs, and potential legal fees out of your own pocket. Again, paying a little more for additional protection is a lot less expensive than paying for the aftermath of an accident on your own.
3. Choosing the Wrong Deductible
One of the most common ways to save money on car insurance is to increase the deductible. This is the out of pocket amount you’d be required to pay before insurance would cover any other costs related to the accident. While increasing a deductible can save you money, if you don’t have the cash available at the time of filing an insurance claim, everything is put on hold. Essentially, your insurance company won’t cover their part of the accident costs until you’ve paid your deductible. So, if you don’t have a spare $750 or $1000 in a savings account that you can access, it’s probably best to choose a deductible amount you could afford.
4. Lying on an Application
The objective for most is to find the most affordable insurance policy. In trying to secure the best rate, consumers have been known to lie on their application. Lying about your driving record, how many drivers you have in the home, and other important factors could end up costing you later. Should your insurance company find out that you lied, they could cancel the policy and/or refuse to pay your claims. It is best, to tell the truth and instead look for discounts and other ways to save on car insurance.
It is common to try and maximize your savings on bills like car insurance. Though being a savvy shopper and using savings tips is ideal, you must look beyond the cost of insurance and look at its purpose. Insurance provides financial protection for you and your loved ones in the event of an accident. Choose an insurance policy that provides all the protection you need at an affordable rate. A little comparison shopping will help you find a policy suitable for you and your budget.