Home Insurance in Newport News, VA
Kick back and relax in your home with comprehensive home insurance in Newport News, Virginia.
About 184,306 residents call the charming town of Newport News home. Located in the heart of Virginia, Newport News has all the amenities of a bustling suburb without compromising its sense of peace and calm. The banks of Hampton Roads harbor provide stunning views of one of the country's most beautiful natural harbors. In addition, the Hampton Roads Harbor feeds the suburb and surrounding areas with its ability to house commercial fishing vessels. cargo ships, pleasure craft and U.S. Navy ships.
Newport News is one of the most convenient locations in Virginia. Nestled in the Hampton Roads metropolitan area, you are within driving distance of Virginia Beach and Williamsburg. Even if you don't leave home, Newport News is a lively city filled with art, culture and history. With diverse restaurants offering seafood, steak and remarkable French cuisine, residents are surrounded by delicious food and incredible options for a night out on the town.
Newport News is home to many young professionals who work within the city and the surrounding metropolitan area. With a median household income of $57,463 and median property values at about $204,900, the housing competitive market allows people to live within a peaceful suburb while enjoying all of the connectivity of the Hampton Roads metropolitan area.
Compared to other Virginia cities, Newport News is one of the more affordable places to live. The median income is lower than average for Virginia, and while the rent may be higher than average for the U.S., it is affordable by Virginian standards, with the average rent of $1,687 for a two-bedroom home. Homeowners, on top of their mortgage, also pay, on average, $887 annually on home insurance in Newport News.
Homeowners in Virginia face a variety of challenges throughout the year. The stormy summer months bring hail storms, thunder and lightning, while the winter brings frozen pipes, snow and ice dams. Home insurance in Newport News should consider the potential for natural disasters and inclement weather.
According to Experian, wind and hail are the most common homeowners insurance claims, with over 45% of claims being related to wind and hail. Other common claims include:
At VIU by HUB, we can help you determine the hazards that apply to you while comparing various policies.
Different policies for home insurance in Newport News are set up as named peril or open peril policies. In documented peril policies, all hazards covered are specifically listed. If a peril is not listed, it is not covered. In open peril, however, the hazards that are not covered are listed as exclusions. If the peril is not listed, then it is covered.
The most basic policy is the HO-1 policy. Generally, it provides bare-bones coverage and will pay out for only 10 specific perils. Some of these perils include:
With all insurance policies, you may also have the option of add-on coverages, which can help you identify and protect against specific concerns.
When determining which home insurance policy you need, your lifestyle, home value and individual risks all factor into your ultimate decision. All policies are unique and tailored to the homeowner. To make an educated decision, you can review several policies with VIU by HUB.
This information is intended for general information purposes only and is not intended to constitute legal advice.
