West Virginia Homeowners Insurance
Your home is probably the largest investment you will make in your lifetime. Could you afford to replace it? Could you afford to replace your personal possessions therein?
West Virginia homeowner's insurance will help protect your home and your possessions from disaster and loss. And, thanks to InsureMe's free referral service, finding West Virginia homeowner's insurance is easier than ever.
Simply enter your information to the right and we will provide you with up to five free quotes on West Virginia homeowner's insurance! Comparing product and price will ensure that you select the right policy—and ultimately save you money!
What to Know about West Virginia Homeowners Insurance
What does a West Virginia homeowner's insurance policy consist of?
A typical West Virginia homeowner's insurance policy covers three areas:
- Fire, windstorm and other physical damage
- Theft of personal property
- Legal liability of injury occurring on your property
It should be noted, however, that different policy types cover different perils and have different exclusions.
What forms of West Virginia homeowner's insurance are available?
The three most common forms of West Virginia homeowner's insurance are known as Basic HO-1, Broad HO-2 and Special HO-3.
Basic HO-1: Protects your home and personal property from basic perils such fire, glass breakage and vandalism or theft.
Broad HO-2: Protects your home from the perils included in HO-1, as well as perils such as accidental discharge from home appliances, falling objects, weight of snow or ice and building collapse.
Special HO-3: Protects your home from "all risks" with exceptions of flood and earthquake. HO-3 also protects any additional structures on your property and is the most common form of West Virginia homeowner's insurance.
Forms HO-4, HO-5 and HO-6 are designed for renters, those wanting very extensive coverage (still excluding flood and earthquake coverage) and condominium owners, respectively. Be sure to ask your West Virginia homeowner's insurance agent about these policy types if you think they might apply to you.
What does West Virginia homeowner's insurance specifically exclude?
West Virginia homeowner's insurance usually excludes coverage for animals, automobiles and any business-owned items on or in the property at the time of damage; neither will it cover loss from flood, earthquake, or nuclear war.
While these perils are commonly excluded, you will need to read your West Virginia homeowner's insurance policy to understand what is—and what isn't—covered under your plan.
What should I do if I am turned down for West Virginia homeowner's insurance?
Understand that each insurance company has their own guidelines and underwriting rules. If you are turned down by one company, try again.
If you are repeatedly turned down for West Virginia homeowner's insurance, you may be eligible for coverage though the West Virginia Fair Access to Insurance Requirements, also known as the West Virginia FAIR Plan.
If you apply for coverage under the West Virginia FAIR Plan and are found to be eligible, an inspection of your property will be conducted to determine proof of insurability and rates.
What does the FAIR Plan cover?
According to the West Virginia Insurance Commission, the West Virginia FAIR Plan covers buildings and personal belongings from fire, smoke or explosion, damage from high winds, aircraft or other vehicle, and mine subsidence.
FAIR covers these damages up to $100,000 per private dwelling ($75,000 for structure and $25,000 for contents) and $300,000 for each commercial property.
For More Information:
If you would like more information on West Virginia homeowner's insurance, or the West Virginia FAIR Plan, contact the West Virginia Insurance Commission at 1-888-TRY-WVIC.
Protect Your Residence with West Virginia Homeowners Insurance.
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