Homeowners Insurance

Insuring: Lexington, Staunton, Covington, Buena Vista, Waynesboro, Clifton Forge, Warm Springs, Hot Springs, Rockbridge, Augusta, Alleghany and Bath Counties, Virginia.

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For over 50 years, Huffman Insurance Agencies has provided residents of the Shenandoah Valley and Alleghany Highlands with top-of-the-line insurance services. Every Virginia resident needs homeowners insurance for their property. So, our goal is to help you get the coverage that will uniquely protect your possessions, liabilities and family at all times. Our friendly, expert agents have a commitment to your long-term financial security.

How does homeowners insurance work?

Homes in Virginia sell for a median price of $269,000, though this price varies significantly from location to location. Still, buying any home probably means making one of the most expensive purchases you will ever shoulder. You’ll want to protect it for just this reason.

By buying homeowners insurance, you’ll be able to pay for home damage from fires, weather, and other losses, including lawsuits brought by others. You won’t have to worry about paying for such recovery costs out-of-pocket. That’s a huge benefit when it comes to the home’s long-term sustainability.

What homeowners insurance do I need?

Think long and hard how the numerous types of homeowners coverage can help you, and be sure to each within your policy.

Dwelling Insurance

This coverage pays to repair damage to your house following accidents like fires, hail, falling trees or vandalism. Most policies pay the house’s replacement cost value (RCV). You will receive enough money for the house to rebuild it to the value it was before the accident.

To pay for damaged buildings on your property, such as storage sheds, gazebos, carports and fences, most dwelling policies offer other structures insurance. Your coverage limit is likely a percentage of the total dwelling coverage limit.

Possessions Coverage

Coverage pays for damaged possessions: furniture, electronics, clothing, food and more. The limit is usually the actual cash value (ACV) of possessions—an item’s depreciated cost at the time the accident occurred. A replacement cost (RP) endorsement can be added to ensure that they are covered for what it would be to replace them.  Policies might also include sub-limits, such as a $500 limit for damaged jewelry.

Loss of Use Coverage

If you have to move out of your house temporarily following a damaging event, then loss of use coverage can step in. It might pay for your hotel or dining bills in the meantime until you can go home.

Liability Insurance

If you make mistakes that harm others, liability insurance can assist you. Coverage usually contains:

Property damage coverage pays if you damage someone else’s property

Bodily injury coverage pays if a guest gets hurt when visiting your home

Legal assistance addresses your court costs in case someone sues you for their losses

Medical payments coverage will pay for a guest’s injuries in your home regardless of who was at fault for the accident. It can help prevent lawsuits in many cases.

Policy Endorsements

By buying various policy endorsements, you can expand the amounts of money you’ll receive for claims, and the types of losses the policy can cover. Common endorsements include:

Scheduled Items:

This endorsement can insure items like jewelry for their higher dollar values.

Replacement Cost Possessions:

Adapts ACV coverage to make sure you can afford new items.

Equipment Breakdown:

If essential systems malfunction, use this coverage to pay for repairs.

Water Backup:

Coverage pays for damage caused by an overflowing sewer or sump pump.

Frequently Asked Homeowners Insurance Questions

What does homeowners insurance not cover?

Homeowners policies have numerous exclusions. For example, most policies don’t cover flood damage at all, and you’ll need to get flood insurance to apply to these unique circumstances.

Will homeowners insurance cover a new roof?

The policy will cover your roof, or roof replacement, as long as a covered accident caused the damage. So, if hail damages the roof, the policy can help pay for repairs.

How much will my policy cost?

The average homeowners policy in Virginia costs about $950/year. However, numerous factors, like the property value and location, could drive your premium up or down. Speak to one of our agents to determine the best way to maximize policy affordability without sacrificing coverage.

Are insurance premiums paid monthly?

You usually have to buy homeowners insurance as required by your mortgage lender. In some cases, they will require you to pay for your premium in-full at the start of your policy term. Sometimes, you must also pay your premium out of an escrow account. If not, we do offer convenient monthly pay plans.

How do I get homeowners insurance?

It’s very easy to get homeowners insurance. All you must do is call Huffman Insurance Agencies at 540-463-7719. We offer guaranteed policy support and will work side by side with you through all the bells and whistles of policies to settle on the best coverage. So, don’t hesitate to call or request your online quote now!

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