HOW CAN WE HELP YOU?

mobile-callClick to Call
The Pivotal Insurance Agency LLC

217 West Main Street,
Louisa, VA 23093

mobile-mapGet Directions

Category: Home Insurance

How many perils should your Virginia home insurance cover?

Posted on by admin

When you purchase a home in Louisa, VA with a mortgage loan, your bank requires you to purchase homeowners insurance. What the bank doesn’t do is stipulate which homeowners insurance you need to buy.

The Pivotal Insurance Agency LLC wants you to understand your choices, so you buy the coverage you need. 

How many perils should your Virginia home insurance cover?

You have a choice between policies that cover 10, 16, or all perils.

That means the insurance policy covers you for ten to all naturally occurring or man-made events beyond your feasible control. That means that the policy covers your home against loss when a tornado hits it, or fire occurs. If a hail storm damages the siding or the weight of winter storm ice and snow rips the gutters off, the insurance covers your repairs. The same is true if a burglar breaks in and steals from you. Home insurance covers your loss.

You must decide when you purchase your policy, which level of coverage you want. A 10 peril policy covers only the minimum number of perils. It costs the least, but you remain unprotected. Sometimes referred to as a dwelling policy, landlords often purchase it for rental homes. A 16 peril policy covers most hazards. Most homeowners opt for this coverage. You’ll pay the most for all perils coverage, but you can afford to pay for any repairs needed.

If a covered peril wipes out your home completely, you can replace it using your insurance payment. How much you’ll get depends on the coverage level there, too. You can choose replacement value or actual value. The difference is that, with actual value, you’ll receive a check for the value of your home when the peril destroyed it, even if it has dropped in value since you purchased it, but with replacement value, you get the cost of rebuilding your home as it was constructed, with any renovations you made paid for, too.

Protect your Louisa, VA with home insurance. Contact The Pivotal Insurance Agency LLC to obtain the coverage you need to protect your home in Virginia.

4 Disasters Your Virginia Home Owner’s Insurance Might Not Cover

Posted on by admin

For Virginia residents, homeowners insurance can provide peace of mind, ensuring that your home is protected against the elements, accidents, and other incidents. However, when selecting homeowners insurance, it’s important to understand that some things may not be automatically covered.

At Pivotal Insurance Agency, we want to make sure every homeowner knows about disasters that might not automatically be covered.

Sinkholes Probably Aren’t Covered

Sinkholes are rare in Virginia but can still occur. Unfortunately, sinkhole coverage is not mandated in Virginia. Sinkholes have recently made headlines for swallowing cars in Virginia and it’s likely only a matter of time before a homeowner has his or her house damaged by one.

Earthquakes Usually Aren’t Covered Either

Earthquakes usually aren’t covered with standard Virginia homeowners insurance either. While powerful earthquakes are uncommon in Virginia, Louisa County was hit with a 5.8m earthquake back in 2011. Another powerful quake could hit soon.

You’ll Probably Need Separate Coverage for Floods

Floods are a serious risk in Virginia and a flood can quickly destroy a home and all of your personal belongings. Unfortunately, unless you have special coverage for flooding, you’ll likely find that your standard homeowners insurance does not cover flood damage.

Mudslides and Landslides Usually Aren’t Covered

Heavy rains can cause not only floods but also mudslides. Mudslides can wipe out your home even if it’s located high up a hill. Sadly, your standard Virginia homeowners insurance likely doesn’t cover damage from mudslides.

Make Sure Your Virginia Home is Covered

Your home is your castle. Make sure you fully understand what’s covered under your Virginia homeowners insurance, and when you find gaps in coverage, consider filling them with supplemental homeowners insurance.

Contact the Pivotal Insurance Agency today to learn more!