Homeowners & Renters Insurance in Virginia
Local Homeowners & Renters Insurance Based in Richmond, VA
As one of your most valuable investments, your home deserves excellent coverage. That is why we have multiple companies with a complete line of homeowner and renter’s insurance products.
At Sanford, we are here to help protect your Richmond, Virginia home. Whether you are a homeowner, renter, condo-owner, or you’re renting out your home, we are here to meet all of your insurance needs.
We understand the need for different types of policies when it comes to home & renters insurance. Between direct physical loss, bodily injuries, home reparations or court costs, we provide the best and most affordable coverage plans.
Sanford Insurance offers plans focused on homeowners and renters insurance:
- additional living expenses
- liability coverage
- medical payments to others
- rising home costs associated with repairing or replacing
- condominium owner’s insurance
- loss assessment coverage
- guaranteed retirement cost plans
Personal Insurance Services
Comprehensive
Condo Owner’s Insurance
You don’t want to have to find out the hard way that your condo association coverage isn’t enough. We offer additional coverage for condo owners in Richmond and throughout Virginia to ensure we cover what the association doesn’t. We have policies for improvements, possessions, liability and renters insurance when dealing with condo owner’s insurance. Because we care about your protection, our Renters Policy covers personal liability for any damages that may be incurred to the condo.
Thoughtful
Renter’s Property Insurance
Without any warning, fire, storm, and burglary could rob you of all that you own. Sanford Insurance protects your Richmond rental property through our Dwelling Fire-Plus policy, which offers affordable comprehensive rental property coverage. We want to make sure you are properly protected. While this policy protects your primary dwelling, there are optional coverage plans. These include:
Other Structures:
- Detached garages or carports
- Personal Property Protection
- Personal property
- Loss of Rental Income
- Pays for loss of rental income, up to a limit.
Your Coverage Options for Homeowners Insurance in Virginia
Typically coming in a bundled package, homeowners insurance coverage options are designed to help you in the event of a disaster or unforeseeable event causing damage to your house, belongings or your liability. In addition to the options listed, there are typically additional types of coverage that you can add on.
Dwelling Coverage
This type of home insurance coverage protects the structure of your house. If your home is damaged by fire, hail or a storm, this will help pay for repairs or even rebuilding it entirely.
Other Structures Coverage
Extending coverage to any detached structures on your property helps cover buildings such as your garage, shed or fence. Typically its coverage amount is a percentage of your dwelling coverage.
Personal Property Coverage
Your belongings inside your home are protected in case of theft, fire, or other covered events. It covers items like furniture, clothes, appliances and electronics.
Liability Coverage
This helps protect you from financial liability if someone is injured on your property or you accidentally damage someone else’s property—helping cover medical expenses, legal fees and settlements.
Additional Living Expenses (ALE)
If your home becomes unlivable due to a covered event, this coverage helps pay for additional living expenses like hotel and restaurant meals while your house is being repaired.
Your Coverage Options for Condo Insurance in Virginia
Specifically designed for condominium owners, these coverage options protect your interior and personal property within a condo unit and any liability you may face. Add-ons are also available for more coverage but it’s best to check your condo association’s master policy first.
Dwelling Coverage
Slightly different than homeowners insurance, dwelling coverage with condo insurance covers the interior of your condo unit, but the specifications will depend on your condo association’s master policy.
Personal Property Coverage
Protecting your belongings within the condo, this type of insurance for condos covers events like fire, theft, vandalism and more. Choose between actual cash value or replacement cost coverage for your belongings.
Liability Coverage
Similar to homeowners and renters insurance, this protects you financially against lawsuits if someone is injured in your condo or you damage someone else’s property. Expenses such as medical, legal or settlements can be covered up to your policy limit.
Additional Living Expenses (ALE)
If your condo becomes unlivable due to a covered event, this helps pay for additional living expenses that can be incurred during the repair process such as hotel or restaurant meal bills—just like homeowners and renters insurance in Virginia.
Your Coverage Options for Renters Insurance in Virginia
Designed for people who rent their home, apartment or condo, it protects a renter’s belongings and liability in the event catastrophe strikes. There are also add-ons to most renters insurance policies for additional coverage.
Personal Property Coverage
The primary function and reason many renters get insurance is to protect their personal belongings against damage or loss from fire, theft, vandalism and other covered events. This helps reimburse you for the actual cash value (depreciated value) or replacement costs (depending on the coverage you choose) of your belongings.
Liability Coverage
Much like other liability coverage insurance policies, this helps protect you financially if someone gets injured in your rented space and decides to sue you—covering medical expenses, legal fees and settlements up to your policy limit.
Additional Living Expenses (ALE)
Similar to homeowners ALE, if your rental unit becomes inhabitable due to a covered event, this coverage helps take care of additional living expenses while you await repair, such as hotel or restaurant bills, that would not have occurred if your rental space was not damaged.
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Get Your Insurance Policy Started
Consulting with one of our licensed insurance agents in Virginia can keep you in the know of the risks you face both in your business and personal life. We are here to help you get the best coverage, protecting you against the many risks that are prevalent today.
