Virginia Homeowners Insurance

A few standard coverages come with our homeowners insurance policy. Contact your independent NNINS agent to review your policy. You can find your agent's contact information on your policy documents or on your NNINS online member account. Here's a breakdown of each type and what they include:

• dwelling 

• other structures

• personal property

• loss of use 

• personal liability

• medical payments to others

Learn more about these coverages.

• Credit card, fund transfer card, forgery, and counterfeit money (increased limit up to $2500)
• Earthquake damage, sinkhole collapse, special debris removal coverage, loss caused by water that backs up through sewers or drains (personal property sub-limit of $25,000 applies)
• Refrigerated property damage
• Personal injury
• An additional $1000 in medical payments to others
• Ordinance or law: coverage for the increased costs known or estimated by the insured for materials and labor to repair or replace the damaged property, demolish the undamaged portion of damaged property, and clear the site of resulting debris according to the ordinance or law.
• Most of our add-on coverages

Standard home insurance does not cover everything and home maintenance is critical. Standard homeowners policies do not cover:

• flooding damage
• earthquake damage ( unless you have our superior homeowners endorsement)
• home-based businesses
• willful loss or damage you or any in-house family members
• damage by a governmental entity
• damage from insects, animals, birds, and other pests
• issues stemming from poor maintenance or neglect
• damage from warfare activity
• damage to property beyond your coverage limits
• any exclusions named on your policy
• most long-term water damage and mold

Learn more about what is not covered by standard home insurance.

The average cost for a standard homeowners insurance policy in Virginia is $1,445 annually, based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. (Source: Nerd Wallet)

Home insurance is not required by law in the state of Virginia. However, mortgage companies usually require it for loans, and acquiring home insurance can protect you from financial loss.

Homeowner premiums are calculated individually for each policyholder and are based on a number of different factors, including the age, value, condition, geographic location and correlating risk, construction quality of your home, as well as your insurance history, previous claims and more.

Factors that affect your homeowners insurance rate include:

• Amount of coverage: the more coverage you add, the higher your premium.
• Deductibles: the higher deductible you choose, the lower the premium, and the higher your out-of-pocket for a claim.
• Condition of home: better-maintained homes in localities with municipal fire services cost less to insure.
• Insurance history and claims can increase your premium and may even prevent us from being able to cover you.
• Protective devices such as deadbolts, burglar alarms, and smoke alarms will get you a discount.
• Bundling your homeowners coverage with other Northern Neck Insurance products, such as auto insurance, will get you a generous discount.

No, standard homeowners policy excludes flood coverage. We do offer Inland Flood Coverage for homeowners and renters who may not be in a high-risk flood zone but who could experience flash floods or other unexpected sudden flooding. Learn more about the difference between flood insurance and Inland Flood Coverage. Standard Home Insurance can pay for water damage to your home from a hurricane if it results from sudden damage such as a tree falling on your house. 

We have a variety of affordable endorsements to our home insurance coverage:

• Personal property replacement cost
• Rural estate coverage
• Cyber protection
• Equipment breakdown coverage
• Extended replacement cost 
• Personal property replacement 
• *Service line coverage
• *Inland flood coverage 

*Not included in homeowners superior risk endorsement

Homeowners insurance goes up for many reasons. Policy details, such as deductibles and limits affect your rate, as well as factors about your home. Those factors include location, age and construction materials, size, condition, age, proximity to water. Learn more and speak with your local independent agent for expert insight on your individual policy.

Your local agent can advise you on whether or not to file a claim. Even then, it may be difficult for your insurance agent or our claims team to predict how the claim will work out due to the variables that differ with each scenario. You can plan best by being sure to have adequate emergency funds available in case you decide not to file and to cover deductibles when a claim makes the sense. Learn more about home insurance claims.

Yes, you can, and your local agent can advise you. You can request that your prior policy be canceled on, before, or after your new policy's effective date. Be sure to avoid any lapses in coverage.

If you have an escrow account, you must inform your lender that you're switching home insurers. You will receive a refund check from your prior homeowners insurance company or from NNINS if you cancel your policy before it expires, reimbursing you for the coverage you already paid for. NNINS does not charge a fee to cancel your policy early.

We are happy to start your quote today!