Extended Replacement Cost Coverage

Under the endorsements section of your homeowners or landlord policy you’ll typically see a list of available endorsements offered by your insurance carrier. If an endorsement is purchased it’s typically followed by a premium amount.

One endorsement that should be at the top of your list is Extended Replacement Cost Coverage. Wording may vary from carrier to carrier, but the coverage definition remains the same.

This adds additional coverage, usually in extensions of 25% and 50%, to your underlying Coverage A amount. For example, if the coverage on your property is for $200,000 and you’ve selected the 25% extension, then your policy will cover up to $250,000.

Extended Replacement Cost Coverage only applies to Coverage A (dwelling), and not Coverage B (Other Structures) or Coverage C (Personal Property).

Why Is This An Important Coverage?

Think of this as an extra safeguard to make sure you have enough coverage on your property. The best part about the Extended Replacement Cost Coverage endorsement is that usually adds a few dollars to the policy.

How Does Insurance Price My Home

One of the biggest questions regarding home insurance centers around the amount of coverage to place on your property. Most homeowners assume the amount of coverage will be equal to the amount they paid for their house.

It’s important to understand the difference between these two methods of valuation:

    Market value. This is the price paid for your home. Real estate pricing is based on market value. It’s a method that values property based upon the amount a willing buyer pays to a willing seller.

    Replacement cost. The cost it takes to rebuild your house in the same spot, at the same size and with the same quality of construction at today’s costs. Insurance companies use replacement cost, not market value.

What Are Your Property Goals For 2020?

A new year and a new decade is here. Can you remember where your life was at the beginning of 2010?

While 2030 may seem a long ways away it’ll be here before you know it. When dealing with housing and property, staying true to your goals over the next decade will make a big difference. Call it the long game, patience, or simply smart.

If you’re switching from a renter to a homeowner, make sure you calculate not only the cost of the purchase but also the monthly outflow needed to maintain the new property. For example, a homeowners insurance policy costs more than a renters insurance policy and often your utilities cost more too.

There’s also maintenance and household projects that will catch your attention.

Perhaps you’re looking into a rental property to provide an extra source of revenue. Places like Blacksburg, Salem, and Roanoke are hot markets for townhouses and single-family rentals. Again, think about the costs associated with renting out and the additional liability exposures.

Even secondary or seasonal homes comes with their own set of tasks.

2020 is the start of a good year, and an even better decade. Take the time to plan out your investments and give yourself time before you make a decision.

How do I find insurance for my professional office?

Business Insurance for most professional offices such as Accounting and Bookkeeping, Dentists and Doctors, and more, is easy to find with our online rater

Simply go to our website at DoveInsurance.com and click on Business Insurance.  You can get a full quote in just minutes at your own convenience! 

Coverage options help you customize for your Building, Business Property, and Liability as well as Loss of Income from Business Interruptions.  Workers Compensation is also available and can also be quoted easily.

As always, feel free to contact our office at 540-382-4277 for personalized service.  Dove Insurance Agency is pleased to provide Business and Personal Insurance to customers across the entire State of Virginia!

Switch and Save On Your Personal Insurance

Dove Insurance Agency is family owned and operated; the same way we’ve been for over 50 years!

Let us help with your Home, Auto, Motorcycle, RV, and rental properties today. It’s free to quote and we’ll compare rates with multiples carriers to get you the lowest price without sacrificing your coverage limits.

It’s easy to switch and you’ll get a refund from your prior carrier as they’ll only charge for the number of days the policy was in force.

Too Busy to Call?

Try our text only line to talk with our Family of Independent Agents:

(540) 253-1253

Let Us Help

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

We’re here to serve you.

How much does Business Insurance Cost?

Whether you have an existing business or planning to start something new it’s important to include insurance cost in your budget. 

The actual cost will depend on the type of business you have and the coverages you need.  For example, many trade contractors can purchase a basic General Liability policy for less than $50 per month.  However if you have employees, subcontractors, or equipment to insure then the cost may be more.

If you have property or equipment then a Business Owners Policy may be the most appropriate.  A Business Owners Policy can be tailored for most Offices, Retailers, Service Providers, and even Restaurants.  How much does it cost?  It will depend on your business class and activity.

We Can Help Find You Coverage Specific To Your Business

The easiest way to get covered is to fill out an online quote.  This will let you quote multiple lines of business instantly.  It’s easy and quick! 

As always, if you would like to discuss your needs with one of our agents then feel free to call us at 540-382-4277.  We serve the entire State of Virginia!

Dove Insurance Has Served Virginia For Over 50 Years!

Too often the topic of insurance gets placed solely on price. It’s easy to get a comparative rate, and no, online rates are not definitely cheaper than working with a local agent.  But going simply off price and ignoring the lasting partnerships that you can create within your community and you may miss out in the long run.

Many of us support shop local, eat local, and buy local campaigns. So why not choose to place your insurance business local?

For over 50 years Dove Insurance Agency has served the Commonwealth of Virginia as an Independent Agency for Home, Auto, Life, Business, and Recreational insurance. Based in Christiansburg, Va, we’ve built partnerships across Virginia. We’re here for you, let us help.

Dove Insurance is also a proud Dave Ramsey ELP.

Insurance for Janitorial or Cleaning Businesses

General Liability is an important Insurance Protection for your Janitorial or Cleaning Business.  General Liability Insurance protects you and your business from claims and costs from third party bodily injury or property damage accidents.

It does not cover damages to your own property or injury to your employees.  Separate coverages are available for those exposures.

It’s easy to get a quote and even buy a policy online

Please always feel free to give us a call at 540-382-4277 with any question at all.

Home Insurance in Virginia With Deductibles Starting at $500 or $1000

If you’re purchasing a new home in Virginia or simply looking for a better rate then contact our family of Independent Agents today. We can coordinate around your closing and will compare rates to help find you the best combination of price and coverage.

We represent multiple insurance providers, instead of working for one company.

Policy Deductible

One item to consider when purchasing a homeowners policy is selecting the policy deductible. Remember, this is the amount you’ll pay out of pocket before your policy coverage begins.

In Virginia, homeowners insurance is available with deductibles starting a $500 or $1000.

Why is this important?

Because many carriers are increasing their minimum policy deductible to $2,000 and sometimes percent deductibles! That means more money out of your pocket before your policy will cover a property loss.

So talk with our family of Independent Agents today or start an online quote and discover everything we can do for you.

Call Today: (540) 382 – 4277

How To Get A Quick & Easy Quote For Your Small Business

At Dove Insurance we’re always looking for ways to connect with you to make insurance simpler. 

To get a Quick and Easy Business Insurance quote just follow this link.

Now you can instantly quote General Liability, Workers Compensation, Cyber Liability, Professional Liability, and many other business types online!

The online process is simple, quick and can provide choices for you to issue and buy the policy you need online.  All at your convenience!

Want To Talk With Our Family of Independent Agents?

If you have any question or need help feel free to call us at 540-382-4277 or send us an email

Sometimes an immediate online quote may not be available for you.  In those situations we will review your information and email the rate proposal directly to you.

Sound easy? It is. 

For over 50 years Dove Insurance Agency has served the Commonwealth of Virginia!

How Much Life Insurance Do You Need?

When purchasing life insurance, the question really isn’t how much you need, but how much capital your family will need at the time of your death, which depends on two variables:

  • Expenses. How much will be needed at death to meet immediate obligations? This amount takes into account all final expenses: uncovered medical bills, funeral and estate-settling costs, outstanding debts, mortgage balance, and college costs to name a few.
  • Income. How much future income is needed to sustain the household? This is the number you’ll arrive at after calculating the “present value” of cash-flow streams your family will need after your death.