Renters Insurance Virginia

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The average estimated cost of a rental insurance policy in Virginia was $145 a year in 2013. Renters insurance is cheaper than most people realize; average homeowners insurance is $740 a year in Virginia

Comparing Renters and Owners Insurance in 2013 in Virginia

The landlord's policy is not going to cover renter's damages like burglary of renters possessions. There were 29511 burglaries are reported in Virginia in 2012. So, to make sure you're protected from these events like fire, burglary or other disaster, you may need renters insurance.

Renters Insurance Coverage Types:

Actual cash value policy:
The depreciated value of the loss is covered by the actual cash value policy. For instance, the Personal Computers you bought for $2310 may be only worth $1160 six months later and that is the value you will get for it.

Replacement Coverage Policy in Virginia:

Estimated Renters Insurance for Different House Types in Virginia

House Type Median Rent Estimated Renters Insurance
Single Fam $1,400 $140
Condo $1,650 $165
Duplex $1,370 $137
Studio $1,330 $133
One Bed $1,350 $135
Three Bed $1,450 $145
Four Bed $1,800 $180
Many Bed $2,150 $215

Deductibles in Virginia:

By opting for a $500 deductible over a $250 deductible, an average of $15.95 can be saved on the insurance premium.