Radford, VA Homeowners Insurance Rate Quotes!

In Radford there are over 16,408 people living in a variety of different styles of construction type housing and require different home insurance coverage types for that added protection. While there are roughly 5,970 housing units in the Radford area, many of the ones that are currently occupied are in need of lower rates. In the majority of these Radford neighborhoods, the average family size is around 2 residents living per house.

The average household income in Radford is about $32,443. While this is a fairly high number, it is slightly below the national median. Luckily, the cost of housing in Radford is fairly reasonable, the average listing price is around $118,067.

The Best Homeowners Insurance Rates in Radford

Radford home values have greatly increased as you know already. Home prices in your area have gone up and as the price of your home increases, so does your property tax and homeowners insurance. Once of the reasons your homeowners insurance has increased in Radford is because it now cost more money to insure the coverage and protection you need to repair or rebuild your home. Luckily, at GetHomeInsuranceQuotes.com, we shop multiple home insurance companies for you and find the best rates and coverages. Homeowners living in Radford are seeing rates as low as $565 per year. Average rates are around $815 per year or $68 per month. Large homes in square footage size or in premium locations where the real estate value of the home is higher, rates can start around $1,115 per year. If you are unsure about the replacement cost coverage you need for your home please shop home insurance quotes with us or give us a call today.

Below are some of the most common insurance types for homeowners in the city of Radford:

What is an HO-3 policy include if you live in Radford?

The most common of homeowners coverage is the HO-3. The majority of homeowners carry this type of policy and it covers damage that is caused by all perils unless they are excluded in the body of the policy. Damage that is caused by floods or earthquakes is always excluded on an HO-3 policy but there can be other exclusions as well.

Do I need an HO-6 policy for my condo in Radford, VA?

Yes, HO-6 policies are fitted for covering condos. Condos are becoming a popular housing option in Radford and if you have one, then you need an HO-6 coverage type. In addition to covering your condo, this type of policy also protects co-ops. This insurance offers coverage for your personal belongings as well as the components of the building that you actually own.

I live in the historical district of downtown Radford, what type of coverage do I need?

Radford is lucky to have a fair number of historical homes and if you own one, you may need a HO-8 policy. These policy types are specific to older homes where the replacement cost of the house may actually exceed the cash value of the home. The replacement cost may be higher because of the additional work and material needed to restore the home to it's historical detail and value.

These policies are affordable because the payout levels are less than the actual replacement cost of the house. In most cases, the need for an HO-8 policy arises when the house is more than 40 years old and doesn’t qualify for a HO-3 policy. These policies only cover 11 perils.

I am renting a home in Radford, what type of coverage do I need?

An HO-4 policy type was designed for people that rent an apartment. It is often referred to as renters insurance. An HO-4 policy will pay out for damage to your personal property in your apartment and it also offers liability protection in the event that someone is injured in your apartment.

Compare Homeowners Insurance Rates in Radford, VA!

Radford, VA Home Insurance Companies

With over 20+ years of Virginia homeowners insurance coverage and quoting experience, we enjoy helping customer find the best price and coverage options for your home in Radford, VA. Our new carrier platform includes quick rates from the very best insurance companies, like Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General and Heritage Insurance. Getting the best insurance rates with the right insurance company is key to protecing your Radford home. Let us help you shop the best rates and coverages today!

Review the Best Virginia Home Insurance Rates Today!

Average Rates Nearby Radford

Are you looking for homeowners insurance in a city near Radford? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Radford, VA

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Radford.

24141,     24142,     

Homeowners insurance will help cover the cost to repair or replace your Radford home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

• Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Radford
• Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
• Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
• Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
• Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Saving Money Tips on Radford Home Insurance

A great way to save money on Radford homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

• Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
• Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
• Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
• Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Radford area? Check out what homeowners are paying on average for Virginia homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

To get online quotes on your home and compare rates on home insurance premiums in Radford, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Radford County.

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