Virginia Renters Insurance
Whether you rent an ocean-view condo in Virginia Beach or a Colonial home outside Charlottesville, Virginia renters insurance can help you repair or replace your personal belongings if they’re damaged or stolen.
How much does renters insurance generally cost in Virginia?
Renters in Virginia can pay as little as $14 a month (or $169 per year) for around $32,0001 in coverage, according to 2022 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). However, insurance premiums in most states have changed since then. Also, your cost may be different, depending on things like how much personal property you want to cover, what deductible you choose and risks specific to where you live.
When you bundle renters and auto coverage with Farmers®, you could save up to 7% off both policies. You can bundle your policies online or ask your Farmers agent for details.
What does renters insurance typically cover in Virginia?
Typically, renters insurance policies in Virginia can provide coverage against damage to or loss of personal belongings if caused by:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
While some of the damage caused by a hurricane’s high winds may be covered, damage from any kind of flooding is not. Special flood insurance is available through the National Flood Insurance Program (NFIP), and you may also be able to obtain separate insurance to cover other kinds of hurricane-related damage.
Is renters insurance required in Virginia?
No. Virginia has no laws that require renters insurance, but your landlord may require it as part of a lease agreement. It may help pay for another person’s medical bills or repairs to their property if you’re found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting. Keep in mind that your landlord’s insurance covers the building itself but not your possessions.
Dogwood Blossom
More coverage options in Virginia
Learn From Experience
Do you have more questions about renters insurance? We have answers.
Even though you’re just getting started, your personal possessions are probably worth more than you realize. Now imagine you have to run out and replace everything at today’s prices. That’s going to be a very expensive shopping trip — unless you have renters insurance to help cover the cost.
Your renters policy helps cover the contents of your apartment for a number of perils — including theft. If someone walks off with your laptop or sound system, your policy can help cover the cost to go out and buy a new one.
The amount of coverage you should consider getting depends on the combined value of all your personal possessions.
Advertisement produced on behalf of the following specific insurers and seeking to obtain business for insurance underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Insurance Company of Washington (Bellevue, WA) or affiliates. In TX: insurance is underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Texas County Mutual Insurance Company, Mid-Century Insurance Company of Texas or Texas Farmers Insurance Company. In NY: insurance is underwritten by Farmers Insurance Exchange, Truck Insurance Exchange, MidCentury Insurance Company or Farmers New Century Insurance Company. Home office, Los Angeles, CA. Each insurer has sole financial responsibility for its own insurance. List of all insurers and states where licensed at farmers.com/companies/state/. Not all insurers are authorized in all states. Not all products, coverages, and discounts are available in every state and may vary by state. Restrictions, exclusions, limits and conditions apply. See agent for details.
1Estimate is based on HO-4 policy with coverage of $32,000 to $37,999.