Insurance for Rental Properties

Real estate is a great investment. To maximize your returns make sure you are properly covered and are receiving a competitive rate.

Whether you own a single family home, a townhouse, condo, or even a mobile home, our Family of Independent Agents can help cover your investment property.

We work with multiple carriers to help compare rates. There is no “one size fits all” approach to your policy or coverages.

  • Do you want coverage for wrongful eviction or personal injury?
  • Do you need higher liability coverages to protect your assets?
  • Are your properties insured for the correct amount of coverage?
  • Can I cover a vacant or unrented property?

Purchasing A New Rental Property?

We coordinate around your closing and keep a hands on approach to make sure everything is properly completed. Forgot having to call a company directly or waiting in line to speak with the next representative.

Let our Family of Independent Agents simplify your new property purchase.

Certificate of Insurance

If you are planning on remodeling your home, adding an extension, or having maintenance and repair work done (tree cutting, pressure washing, or paving) make sure you ask for a Certificate of Insurance from the professional you hire.

A Certificate of Insurance is as simple as it sounds—a certificate showing insurance coverages (usually for general liability and/or workers compensation) for the individual or company you are hiring.

For example, Dove Insurance Agency has a general liability policy for ABC Tree Removal. Jennifer wants to hire ABC Tree Removal to remove trees from her property and wants proof that an active insurance policy is in force in case something goes wrong. On request we will send a Certificate of Insurance made out to Jennifer showing the policy information, coverages, and effective dates for ABC Tree Removal.

It is recommended that you do not hire an individual or company if they cannot provide a Certificate of Insurance. This gives you written proof of an active insurance policy.

Auto Insurance Payment Plans

If you’re looking for an easy way to save money on your auto insurance, then consider your payment plan.

Most carriers offer a paid in full discount (up to 24% with some carriers!). By paying your policy in full for six months or one year, you “lock-in” the rate and get the advantage of your policy renewing once a year.

If paying in full is not a option, typically the next best option is EFT (Electronic Funds Transfer) or sometimes called Auto Checking. For this plan you’ll need to provide your checking account and routing #. Each month your policy with automatically be deductible from your account. Depending on the available plans, you may be able choose the draft day for a convenient time each month.

You can also pay automatically each month through a debit or credit card, but these plans tend to add a few dollars in monthly installment charges when compared to EFT.

Typically the most expensive payment plan is monthly with a bill sent through the postal mail each month (paperless options are available with a discount). However, this payment plan does provide the most flexible monthly payment options. Our Family of Independent Agents can take your payment in our office or over the phone, and you always have the option to call your carrier directly.

Serving the Commonwealth of Virginia For Over 50 Years!

Working with Our Independent Agents constitutes a promise, from our family to yours. We are here to educate you on how to keep covered and secured, no matter what the future may hold.

Our family of Independent Agents will find the best package for your needs. We represent multiple insurance providers and we work for you!

No Matter Where You Live In Virginia!

We have been extremely fortunate to work throughout Virginia to build lasting partnerships with our clients.

  • Are you in the market for personal insurance like Home or Auto?
  • Looking to protect your Small Business with the right amount of insurance coverage?
  • Have questions about Life Insurance and don’t know where to start?
  • Is your family growing and you need to be prepared for what’s ahead?
  • Do you have rental property that needs proper protection?

Get your insurance questions answered by experienced, local agents. No call centers. No random employees. Simple one-on-one discussions.

Dove Insurance Agency is also a Dave Ramsey Endorsed Local Provider (ELP).

E-Signature Available!

What Level of Auto Insurance Is Required in Virginia?

Are you required to have auto insurance if you live in Virginia? Yes, just like every state, there is a mandatory state minimum for automobile insurance in Virginia.

Insurance ads are everywhere (sometimes their funny, often they are not!). But did you know that there are over 100 insurance carriers licensed in the state of Virginia!

It’s helpful to have a local Independent Agent talk over what is necessary and go over the various auto insurance options available.

State Minimums in Virginia

Virginia law says that drivers must have at least the minimum liability insurance policy. This coverage is $25,000/$50,000/$20,000 unless you are going. This read as $25,000 is the limit for what you’d have for bodily injury, $50,000 is the total limit per accident, and $20,000 is the limit for property damage.

Though this is the case for your minimum policy requirements in the state, it’s often recommended to opt for higher limits on your auto insurance policy. For example, if you are a homeowner or someone with assets to protect, the state minimum coverage is most likely not enough.

In fact, opting for higher liability limits often adds little to your policy premium. And in the event of an accident, higher limits provide more peace of mind.

Additional Types of Coverage for Automobiles

Some other kinds of insurance you might want to include the following:

  • Collision Coverage- This would take care of any expenses outside of the deductible when it comes to replacement and repair costs at the time the accident occurs.
  • Bodily Injury and Property Damage Liability- This is in place for legal liability purposes for instances when another person is injured or someone else’s property is damaged.
  • Comprehensive Coverage- If there are any damages that occur that aren’t the result of an accident, such as from fire, vandalism, floods, or another type of natural disaster.
  • New Car Replacement- Available on new cars. This coverage will replace your car with a new one without depreciation. Specifics of coverage vary from carrier to carrier.

Serving the Commonwealth of Virginia For Over 50 Years!

At Dove Insurance Agency our family of Independent Agents are dedicated to serving you and working with your lifestyle. We’ll educate you on the coverage you need to keep your property and family secure, no matter what the future brings.

Instead of working for one big company, our family of Independent Agents represent multiple insurance providers. This allows us to compare rates and coverages so you’ll get the best coverage-to-value policy available.

We’re here to serve you.

E-Signature Available For Auto Policies!

How Binding Restrictions Work

While writing this post, Hurricane Zeta is just off the gulf coast of New Orleans. It is the 27th named storm for this hurricane season. By the time it makes the track to Southwest Virginia the remains will affect the forecast with rain and wind.

Often when a severe weather event is imminent, insurance companies will impose binding restrictions in specific locations. For example, as of 10/28/2020 Progressive insurance has put binding restrictions in many counties in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

While the specific restrictions for Progressive vary by state, we can look a bit closer at some of the details. For discussion we will look at the exact wording for the binding restrictions in Alabama:

Physical Damage Coverage for Boat, RV may not be written, reinstated, or otherwise bound in any area where there is a hurricane, tornado, fire, flood or tropical storm watch, warning or occurrence. Additionally, no coverage for Boats may be written, reinstated, or otherwise bound in any area where there is a hurricane, tornado, fire, flood or tropical storm watch, warning or occurrence.  

Due to Hurricane Zeta we are required to temporarily restrict Physical Damage Binding for the products listed above.  In addition, we are restricting binding for all coverages for Boat effective immediately. 

Effective on 10/28/2020 11:47:05 AM EDT the following counties are under the restricted binding procedures within the state of Alabama. Physical Damage coverage may be written, reinstated, or otherwise bound in any counties not listed.  

Progressive State Updates 10-28-2020

This statement then lists the specific counties in Alabama where the binding restrictions are in place.

Why Binding Restrictions?

It should not come as a surprise that carriers will temporarily restrict new business and changes to existing businesses if an immediate and unavoidable weather risk is about to strike.

How long these restrictions are in place depends on each individual carrier. There is currently no time frame for lifting the restrictions currently placed in Alabama by Progressive. Typically (unless further restrictions are applied) the next notice will be an updated list of counties where the restriction remain in place.

Binding restrictions can be placed on most insurance products.

What is a Protection Class?

If you look on your homeowners, landlord, or mobile home policy declarations page, somewhere you will find the Protection Class (PC). So what does this mean and how does this affect your insurance rate?

Protection Class

Simply put, your Protection Class is a rating from 1 to 10 that represents municipal fire-protection efforts in communities throughout the United States. Lower numbers generally reflect superior fire protection.

“By classifying communities’ ability to suppress fires, ISO helps the communities evaluate their public fire-protection services. The program provides an objective, countrywide standard that helps fire departments in planning and budgeting for facilities, equipment, and training. And by securing lower fire insurance premiums for communities with better public protection, the PPC program provides incentives and rewards for communities that choose to improve their firefighting services.”

Source: www.isomitigation.com/ppc

Affects On Insurance

A general way to think of Protection Class is “in town or out of town.” Do you have fire hydrants on your street ? Is your responding fire department within five miles?

These two questions are very important in determining your protection class. Most insurance carriers will automatically find your Protection Class when validating the property address.

For example, our office is located on 13 Radford St, Christiansburg, VA 24073. We are in Christiansburg town limits. Our properties’ protection class is 5. Most in town locations in Christiansburg are a class 5, but again this is dependent on your specific address.

Protection Class is one of many factors that goes into your insurance premium. That’s why it’s important to work with an Independent Agent who represents multiple carriers to help compares rates and available coverages.

It’s important to note that some insurance carries do not offer products in higher protection classes. For example, a owner occupied homeowners policy with a protection class of 10 is not eligible with every homeowners carrier in Virginia.

https://twitter.com/DoveInsurance/status/1312045298030698498

Serving the Commonwealth of Virginia For Over 50 Years!

Working with Our Independent Agents constitutes a promise, from our family to yours. We are here to educate you on how to keep covered and secured, no matter what the future may hold.

Our family of Independent Agents will find the best package for your needs. We represent multiple insurance providers and we work for you!

No Matter Where You Live In Virginia!

3 Safe Driving Tips for Teens

As a teenager, getting your drivers’ license is the ultimate badge of honor. Being a safe driver comes with experience but it is also something that is taught. Parents who live in Blacksburg, VA can rely on the agents of Dove Insurance Agency to provide sound advice for their young drivers. The following tips will allow parents to set good examples while they are on the road.

Eliminate Distractions

Eliminating distractions may be easier said than done. You can start by limiting the number of passengers in the vehicle to one. Encourage your teen to set the radio to the station they want prior to leaving and only change the setting when they are stopped. The same is true for using a GPS or other electronic device.

Keep Cell Phones Out of Reach

Cell phones are the ultimate distraction but they can also be useful. If your teen is using their phone as a GPS, encourage them to enable their route before they leave. Putting their phone in a secure holder will allow them to see the screen without touching the phone. Remind them not to text or place phone calls while they are on the road.

Always Leave Early

As teenagers continue to gain experience, they become better drivers. Teaching them to leave early allows them to take their time. Rushing leads to mistakes and mistakes lead to accidents. Leave early and always be cautious.

Our Family of Independent Agents help parents find answers to many of the questions they have about their auto insurance. They can also learn ways to help their teens become safer drivers.

No Matter Where You Live In Virginia!

We have been extremely fortunate to work throughout Virginia to build lasting partnerships with our clients.

  • Are you in the market for personal insurance like Home or Auto?
  • Looking to protect your Small Business with the right amount of insurance coverage?
  • Have questions about Life Insurance and don’t know where to start?
  • Is your family growing and you need to be prepared for what’s ahead?
  • Do you have rental property that needs proper protection?

Get your insurance questions answered by experienced, local agents. No call centers. No random employees. Simple one-on-one discussions.

Dove Insurance Agency is also a Dave Ramsey Endorsed Local Provider (ELP).

Can Heat Type Affect Home Insurance?

There are numerous factors that are used to calculate your home insurance rate. Some of these are obvious, like brick vs frame, age of the roof, and when the home was built. But there are other less obvious characteristics than can affect your rate, and in some instances, your eligibility.

Types of Acceptable Heat

Electric heat (heat pumps, electric baseboard) and gas furnaces (natural and propane) are generally acceptable heating types as long as they’ve been updated/and or serviced within the guidelines provided by your carrier.

Underground fuel tanks (ex. oil tanks) are generally not acceptable for home insurance. It does not matter if the tank is used or not. Some carriers will accept underground tanks so it’s important to check your carriers’ underwriting guidelines for acceptability.

Wood stoves are acceptable in certain scenarios. Again, you’ll want to check with your carrier about acceptability for wood stoves and inserts. One item to note about wood stoves is that they cannot be the main heat source—this is generally unacceptable by the majority of insurance carriers.

We Don’t Work For Just One Insurance Carrier

At Dove Insurance, we’ve worked with our clients across the Commonwealth of Virginia for over 50 years to help them make the right decisions. By choosing Dove Insurance, you can cover any of your personal and commercials insurance needs, such as:

Home
Personal Autos
Rental Properties
Life Insurance
Flood Insurance
Motorcycles
ATVs
Boats
RVs
Classic Cars
Commercial Auto
Personal Umbrella
Condominiums
Renter’s Insurance
General & Excess Liability
Businessowners Policy
Commercial Packages
Commercial Umbrella
Worker’s Compensation

Need Insurance in Virginia? Let Us Help.

EMAIL US:   Michael Dove  |  Elaine Dove  |  Joshua Dove

At Dove Insurance Agency our family of Independent Agents are dedicated to serving you and working with your lifestyle. We’ll educate you on the coverage you need to keep your property and family secure, no matter what the future brings.

Short on time? Start an online quote with us today!

Instead of working for one big company, our family of Independent Agents represent multiple insurance providers. This allows us to compare rates and coverages so you’ll get the best coverage-to-value policy available.

We’re here to serve you.

Blacksburg • Christiansburg • Salem • Radford • Roanoke 

And the best part, we’re here for you when needs arise such as policy changes, billing questions, reporting claims, questions regarding coverage, or comparing quotes. 

Let us help.

Can You Reinstate A Cancelled Insurance Policy?

Insurance policies—home, auto, motorcycle, etc..— can cancel for many reasons. And the most likely cause is for non-payment. So can you reinstate a cancelled policy? To put simply: yes, but it depends on your carrier and the specifics of your policy situation.

For starters, personal insurance policies will cancel on the specified cancellation date at 12:01 AM of that day. For example, if your personal policy is set to cancel on Oct. 1st for non-payment then your policy officially cancels at 12:01 AM on Oct. 1st.

Depending on your insurance carrier you may be able to reinstate your policy. Typically you’ll be required to sign a statement of no loss, which if applicable states that you have had no losses since your policy has cancelled and the requested time of reinstatement.

There are many other factors that can affect the specifics of your situation. Some carriers may charge a reinstatement fee. Depending on the length of time between your cancellation and requested reinstatement, the amount to reinstate could be higher than your previous bill.

If your policy has cancelled for non-payment or is about to cancel the best advice is to contact your independent agent or insurance carrier. At Dove Insurance, we can walk you through your options.

Serving the Commonwealth of Virginia For Over 50 Years!

At Dove Insurance Agency our family of Independent Agents are dedicated to serving you and working with your lifestyle. We’ll educate you on the coverage you need to keep your property and family secure, no matter what the future brings.

Instead of working for one big company, our family of Independent Agents represent multiple insurance providers. This allows us to compare rates and coverages so you’ll get the best coverage-to-value policy available.

We’re here to serve you.

Blacksburg • Christiansburg • Salem • Radford • Roanoke 

And the best part, we’re here for you when needs arise such as policy changes, billing questions, reporting claims, or questions regarding coverage. 

Let us help.