Homeowners Insurance in Chesterfield and Glen Allen, VA

Part of being a responsible homeowner is investing in homeowners insurance. Whether you are a first-time homeowner or a seasoned veteran, understanding the intricacies of homeowners insurance is essential for safeguarding your property and belongings.

How Much Home Insurance Do I Need?

As a homeowner, you generally want enough insurance to help cover rebuilding or repairing your home after an incident. You may also need coverage to replace or repair your belongings, financially protect yourself against liability claims, and cover living expenses if you cannot live in your home while repairs are made following a covered event.

How Many Home Insurance Claims Can I Make Every Year?

While there is no universally defined threshold, filing multiple claims within a short period could impact your insurance coverage and premiums. It can also cause the insurance company to refuse to renew your policy.

How Far in Advance Can I Buy Home Insurance?

Typically, you should start shopping around for a homeowners insurance policy when you sign a contract to buy a home. Most mortgage lenders will require proof of homeowners insurance before you can close on your home.

How Do Home Insurance Deductibles Work?

A home insurance deductible is the amount of money you are responsible for paying out of pocket before your insurer will begin to pay out for certain covered losses. Typical home insurance deductibles range from $250 to $5,000.

For example, if your deductible is $2,000 and you file a claim for $10,000, you would pay $2,000, and your insurance provider would pay $8,000 if the claim is approved.

Where Do I Get Homeowners Insurance?

The Mequell Green Insurance Agency can help you get the right coverage to protect your home and belongings. We can help ensure your home and possessions have the appropriate coverage.