Home Insurance in Virginia Beach, VA
The right home insurance policy will protect your home and assets.
Virginia Beach is a picturesque place to call home. With miles of waterfront for water recreation and hundreds of restaurants and shops, there is something for everyone to enjoy. All of the beauty and amenities come with risks, making home insurance in Virginia Beach a necessary tool for protecting your finances.
Virginia Beach offers a family-friendly atmosphere, a robust job market and lots of fun things to do year-round, so choosing to buy a home in this beautiful city is an investment in your future. Don't let the short-term costs of insurance keep you from protecting that investment.
Unfortunately, Virginia Beach has a slightly higher rate of property crimes than the rest of the state. Despite this, the statistics for burglary show a significantly lower probability compared to national averages (0.83 vs. 2.71 per thousand, respectively).Because of this, coupled with the risks of flooding and severe weather, many Virginia Beach homeowners choose to purchase customized home coverages, such as flood insurance and personal property riders.
Home insurance can help pay for repairs or rebuilding after property damage from a covered loss as well as cover medical care if someone is injured on your property. Without proper coverage, you could find yourself facing these costs alone, making rebuilding difficult or impossible. Our brokers can review your situation and help you build a Virginia Beach home insurance package that meets your coverage needs.
The average monthly cost for home insurance in Virginia is lower than the national average of $227. The amount you pay can vary depending on a number of factors, such as the value of your home, your claims history and the unique risks posed by living in Virginia Beach.
Generally, larger homes cost more to insure than smaller ones. This is directly tied to the cost of replacement. Unique challenges for rebuilding and special features can also increase premiums. For example, custom features that require skilled craftsmen to recreate will drive up replacement costs.
Flooding is a major threat to Virginia Beach homes. Roughly 68% of buildings in the city are at risk of flooding.With the highest natural elevation in the city just above 88 feet, and a city average elevation of just 12 feet. abnormally high tides and surges present a significant risk.
A home's location also plays into this calculation. For example, waterfront homes are more likely to experience damage from flooding and storms than those farther inland. The risks are significant enough that many major insurers are no longer writing new policies in the area.
Most home insurance policies in Virginia Beach do not cover flooding. However, if you are concerned about the threat of rising waters, our brokers will help you find a suitable flood insurance policy to accompany your standard home insurance in Virginia Beach. Combined, they can provide comprehensive coverage for whatever Mother Nature throws your way.
Our experienced brokers at VIU by HUB know the unique challenges you face in finding coverage in the city. We will work with you to ensure that your home and valuables are protected from threats.
Trust our agents at VIU by HUB to help you find a policy for home insurance in Virginia Beach with the coverage you need at a premium that fits your budget.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
