You may already know that homeowners insurance rates vary from state to state, city to city, and even neighborhood to neighborhood — but why? Well, each locale has its own unique quirks and perks, from average home prices to crime rates to weather risks (and so much more). Below are some state-specific characteristics that Virginia homeowners should keep in mind.
Diverse climates in the Old Dominion
Did you know Virginia is home to 5 different climate regions? While some parts of the state have extended growing seasons and mild winters, other regions experience more stormy weather and bitterly cold winters. These diverse sets of weather patterns can affect homeowners premiums across the state, depending on what risks your home is more prone to.
Luckily, the dwelling protection on your homeowners policy can help pay for repair or replacement of your house if it suffers damage from covered perils like windstorms, lightning, wildfires, or the weight of ice, snow, or sleet. It's imperative to select high enough limits to cover your home's replacement cost should catastrophe strike.
Burglary in Virginia
The Virginia State Police reported more than 21,000 burglaries statewide in 2015 alone. The good news? That was a slight decrease from 2014, which saw more than 22,500. Areas with higher break-in rates tend to pay more for homeowners insurance because of the increased likelihood and frequency of claims.
On the upside, your homeowners insurance will help pay for any property damage caused by the burglar, in addition to covering damaged or stolen belongings. Remember to keep a thorough and up-to-date home inventory to help you get the most from your policy in the event of a claim.