Purchasing A New Home? Let Us Help Make Your Closing Less Stressful

Moving into a new home is exciting, full of to-dos, and a lot of work. There are loan applications, house showings, and moving logistics; however, one part of the moving in process that shouldn’t be stressful is making sure you’re properly insured.

Purchasing a home is one of the largest and most expensive investments we’ll ever make, and obtaining proper home insurance is absolutely critical.

For starters, your house should be insured for the full Replacement Cost, and not the Market Value. You’ll need to have coverage for your personal property and higher valued items such as jewelry, antiques, or expensive electronics. How much liability coverage you need is important too, and depending on your financial situation, perhaps an Umbrella policy is needed. Do you need other endorsements not included on a standard policy, like water back-up, service line coverage, or refrigerated products coverage?

It also pays to compare policy deductibles. Over the past several months we’ve seen numerous carriers increase their starting deductibles to $2,000 or percentage amounts. Did you know that many insurance providers in Virginia still offer lower deductibles?

There’s also policy eligibility. Liability risks such as pools, wood stoves, the age of your roof, unrepaired damages, and even the breed of your dog can affect the eligibility of your home.

We Help Make Your Home Closing Easier

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.

After finding the right policy for your needs, we help coordinate with your home closing so everything from the insurance end is ready to go.

Call or stop by today and discover everything our Family of Independent Agents can do for you.

Ph: (540) 382-4277

E-mail: Joshua@Doveinsurance.com

Get Guaranteed Value for Your Classic Car, Boat, or Motorcycle

For over 50 years Dove Insurance Agency has served the Commonwealth of Virginia, helping individuals and families find proper coverage for their needs.

One of our favorite areas of available products is insurance coverage for your classic car or recreational vehicle. There’s an excitement with the owners of these machines, and getting to the know the story behind the investment is captivating.

When it comes to insurance, do not make the mistake of simply insuring these classics on your personal auto policy—especially if they’ve held their value. A stated amount policy means coverage is available up to that amount but will pay this amount or the ACV (actual cash value), whichever is less!

That’s why our family of Independent Agents have partnered with Hagerty® to provide first class coverage for your investment.

About Hagerty®

Over 30 years, Hagerty has grown to be the leading global provider of classic car and boat insurance, but they’re still just a family business built on love for classics. Their passion drives them to keep improving their product and to give their clients the best service imaginable.

Why Hagerty®?

At Hagerty, they’re as passionate about classics as their clients are. Their deep knowledge of classic vehicles and their owners allows them to offer better coverage for less. They offer:

  • Guaranteed Value™ coverage – They’ll agree up front on a fair value for your classic, and in the event of a covered total loss, you’ll receive that full amount, less any deductible or salvage value, if retained. Guaranteed.
  • Flexible usage – Classic and collector cars were made to be driven. Whether you’re going to a show or taking a cruise to an ice cream shop, you are protected.
  • Hagerty Drivers Club™ – Hagerty Drivers Club™ gives members specialty roadside service designed specifically for classics, automotive discounts, members-only events, subscription to Hagerty magazine and much more – all at an incredible value.
  • Expert claims handling – Their claims adjusters are trained in classic vehicle repair. In event of a claim, they offer stock original replacement parts and even have specialists on staff to hunt down rare and hard to find parts.
  • Low premiums – Because they only protect classics, they’re able to offer insurance at rates considerably lower than daily driver insurance.

What Hagerty Insures:

Hagerty is the world’s leading insurance provider for classic vehicles, offering coverage for classic cars, trucks, motorcycles, boats, tractors and more. Hagerty also offers coverage for high-value collections, overseas shipping and touring, classic car-related businesses and club liability.

Guaranteed Value™

With Hagerty’s Guaranteed Value™ (agreed value) coverage, they’ll work with you to agree on a fair value for the classic, and in event of a covered total loss, they’ll pay that amount (minus any deductible or salvage value if you keep the vehicle).

To make sure your classic is properly protected, contact Dove Insurance Agency today to learn more about a Hagerty policy.

3 Tips for Getting the Right Life Insurance Policy

At Dove Insurance Agency, every agent knows how important it is to have the right type of life insurance policy. Residents who live in Blacksburg, VA have many different options available to them when it comes to making sure their loved ones are financially secure if the unthinkable happens. The right life insurance can make all of the difference. 

Know Your Goals

Know what your goals are. Do you want to provide for your family if you pass away and leave them behind or do you want to have enough set aside to cover your final expenses? If a term life insurance policy is opened early enough, you may be able to cash it out and use the money for your retirement.

How Much Coverage Do You Want?

Life insurance policies can be written for almost any amount of money if you are willing to pay the premiums. Do you want enough coverage to help your family maintain their lifestyle? Many people want to leave enough money to protect their loved ones from financial disaster.

How Much Do You Want to Pay?

Whole life is more costly than term because it is designed to continue to grow equity. Term life is only for a set period. Once the value of the policy is reached, the payments stop. Term policies are more affordable, but they are also more limited.

In Blacksburg, VA, the agents at Dove Insurance Agency are able to answer all of your questions concerning life insurance and the types of policies that are available. Call today and schedule an appointment so you can get the answers you need.

Buying A Rental Property? Know Some Key Insurance Points

There are many ways we can fall into owning a rental property. Some save diligently, while others may simply find a great deal. Sometimes we inherit properties through family or rent out a former home.

For those Dave Ramsey followers, if you’re in the latter stages of the baby steps then you should know to be patient, and do your homework.

No matter how you came into possession of your rental property, there are some items to consider to properly insure your investment.

Amount of Dwelling Coverage

This is the amount of coverage on the structure. Ideally you want coverage for the full replacement cost, so in the event of a fire or covered loss, there’s adequate coverage to fully rebuild. Replacement cost takes into account the characteristics of your property (square feet, number of stories, brick or frame, kitchen/bathroom quality, etc..). And remember, replacement cost won’t always match your purchase price or tax valuations. Each of these calculations are specific to their valuation platforms.

In some cases, the property may not be worth the replacement cost or perhaps the condition of the structure warrants less coverage. An ACV (Actual Cash Value) policy can used in these situations. Older homes and mobile homes often fall into this category. An Independent Insurance Agent can help you make the right choice.

Loss of Rents

Coverage that provides fair rental value of the property while it’s uninhabitable due to a covered loss. Length and amount of coverage varies by carrier. Some, like Lititz Mutual, include loss of rents at no additional charge while others offer this coverage as an added endorsement.

Liability Coverage

Similar to your auto or home insurance, landlord insurance provides liability coverage for claims where you’re legally responsible for an accident on the property that causes injury to others. Amount of coverage typically ranges from $100,000 to $1,000,000. Depending on the number of properties you own a personal umbrella may be a good product to look into.

Some Final Tips

Here are some other tips from Dave Ramsey to consider with real estate as an investment:

  • Be patient and look for deals. The better the deal, the better your potential return on investment. Buying foreclosures is a good way to get a deal if you shop smart.
  • Don’t buy an investment property for the tax write-off. You’ll make more money investing in mutual funds.
  • Consider better tax advantages. After you’ve done 30 or more deals, you can consider buying and selling real estate within a self-directed IRA. That means your investments grow tax-deferred. Talk to an investment Endorsed Local Provider about this option.
  • Work with a real estate professional you can trust. With all the experience Dave has in real estate, he still uses a real estate agent. If you’re ready to buy or sell property, talk with one of Dave’s real estate Endorsed Local Providerstoday!

Serving The Commonwealth of Virginia For Over 50 Years

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.

How Will The Age of My Roof Affect My Home Insurance?

How old is your roof? The question may be simple, yet for many homeowners it’s a difficult one to answer. Unless you’ve replaced it during your ownership, discovering the roof’s age can take some research—and remember, no signs of leaking doesn’t mean it’s in acceptable condition.

If your property is a recent purchase then your home inspection report should have a section on the roof’s condition. For older purchases, a roofing contractor can estimate the life expectancy of your current roof, and identify any issues.

Checking the roof from the ground is a poor way to assess your roof’s condition. Shingles wear, tear, and age. They also curl and come loose. The flashing around your vents may need updating or perhaps it’s your ridge vent that needs fixing. You could also have mold in hard to see areas.

Having your roof inspected every five years or so is a good habit to keep. It’ll give you peace of mind and help identify any problems early on.

So how does your roof’s age and condition factor into your home insurance? Well, it depends on your situation and the specifics of your insurance carrier:

  • For new policies, most insurance providers will have an age requirement for your roof. Typically it must be no more than 20 or 25 years old.
  • The life expectancy of your roof is also a factor. For example, if an inspection on your house is ordered and your insurance provider has questions regarding the life expectancy of your roof (how many reasonable years it has left), you may need a professional roofer to inspect and sign off on its current state.
  • Type of roof matters. Metal, asphalt, and architectural shingles can make a difference in the rate but also the replacement cost for your home.
  • Some home insurance policies provide discounts for newer, full replace roofs, while some policies will surcharge for older, poorer condition roofs
  • A Roof in poor condition can be deemed unacceptable and may result in a policy cancellation if repairs/concerns are not met.
Insurance policies for any type of property!

Local Insurance Options, Personal and Commercial

Management is doing things right; leadership is doing the right things.” — Peter Drucker

The above quote has been recited countless times in management and business courses throughout the world. To build better leaders and to improve efficiency in an ever evolving society, we need sound principles to retain our focus. But these words aren’t solely for businesses applications as our daily lives can reap enormous benefits from this wisdom as well.

Being part of a community as a business owner means many things. Yet first and foremost is the simple fact that you, as an individual, represent both your personal and business identities. Our family agency started in Radford, Va over 50 years ago. We’ve been able to grow by building relationships across the Commonwealth and trying our best to provide superior customer service. Now three generations strong our family agency is still growing. So, as simple as it may seem, we’d like to say Thank You—to everyone we’ve had the pleasure to know over the years.

When you understand the role insurance plays for your home, auto or business, it’s easy to see how effective certain coverages can be and the immense value they hold.

The good news is that our family of Independent Agents can work with you one-on-one to find the right solution for your insurance needs. When you meet with one of our Independent Agents, you’re giving yourself the best opportunity to find the best value.

Simply put: We Don’t Work For Just One Insurance Carrier.

When you walk inside our doors or call us on the phone, we listen to your needs and help you make the correct choices.

This means you’ll never be forced into a specific company or into a policy that ultimately feels wrong. And unlike an online insurance provider, our family of Independent Agents can give you personalized attention and help whenever you have questions.

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:

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

Discover everything an Independent Agent can do for you!

Dove Insurance serves Virginia; including Blacksburg, Carawba, Centreville, Christiansburg, Covington, Floyd, Galax. Harrisonburg, Hopewell, Leesburg, Lynchburg, Pulaski, Radford, Richmond, Riner, Roanoke, Salem, Staunton, Waynesboro, and Wytheville.

Learn How a Wood Stove Can Affect Your Insurance

Ask a lot of homeowners in southwest Virginia about an attractive way to add charm to a home and one popular answer you’ll hear is to install a wood stove. Not only do wood stoves provide supplemental heat in the winter, but the natural smell of burning wood is tough to beat. And depending on your budget, some wood stoves add a unique aesthetic touch to any room.

But did you know that a wood stove can affect your homeowners insurance?

In fact, one of the biggest concerns with a wood stove is eligibility issues. Some insurance carriers won’t issue a policy with a wood stove, and most carriers add a small charge to your premium for having one.

And it doesn’t matter if the wood stove is used—just the presence of a flue is enough.

So what do you need to know about a wood stove and your insurance policy? Here are some items to consider:

  1. Wood stoves must be disclosed on an insurance application or if installed later it’s your responsibility to notify your insurance carrier.
  2. Check with your insurance carrier about wood stove requirements. These vary from company to company, but usually include requirements such as professional installation, annually cleaned/safety check, and signed company specific questionnaire.
  3. The location of your wood stove matters. For example, having a wood stove in a garage or detached structure is unacceptable by many carriers. Always ask about outdoor wood stoves.
  4. Most insurance companies will not allow a wood stove to be the main heat source. A thermostatically controlled heating system is generally required

Serving The Commonwealth of Virginia For Over 50 Years

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.

Let us help.

The Start Of A New Financial Climb: 2019

One way or another, securing our finances for the New Year always makes our resolution list. Just as the sun starts it climb anew everyday, January 1st brings the start to a new financial climb.

And trust me, everyone worries about their finances. (For example, did you know the average monthly car loan payment is $530 for new vehicles and $381 for used ones?)*

However, there are other items to consider besides cash flow when making your 2019 financial plans.

Will you make an extra effort to support local businesses in 2019? From Roanoke to Blacksburg, southwest VA has many great businesses like cafes and shops, salons, tech start-ups, trade services, and licensed professionals that rely on their community.

Will you increase your charitable contributions this year? Find an effort you wish to support by holding back some extra income and give with an open heart. Even a few dollars per month is a good start.

Are you holding back enough for your family’s future? It’s a fact: everyday kids get older and you get closer to retirement. If you need help take a look at the experts from The Dave Ramsey show and start laying the groundwork to your financial peace.

What will you read to improve your financial literacy? News headlines don’t count. Discover new educational outlets to study on a financial topic that interests you. Libraries are a great way to start, and they’re free.

2019 is going to be a great year!

It’s true. It won’t always be easy, but continue to persevere and take each step with the awareness of improving your life and those around you.

“Give instruction to a wise man, and he will be yet wiser.” — Proverbs 9:9

*third quarter of 2018 according to credit reporting agency Experian

Planning For Your Insurance in 2019

Time flies by. In a few short weeks we’ll usher in 2019 and the last year of this decade. Do you realize that 10 years ago (that’s 2009 for you non-math majors) we witnessed such headlines as: GM filing for bankruptcy, Michael Jackson passing away, President Obama being sworn in, Cash For Clunkers being a thing,  and the Pittsburgh Steelers surviving the Arizona Cardinals in Super Bowl XLIII.

Though you may remember some of these events, can you remember where you were in life 10 years ago? And how much has life changed in this same time frame?

Your insurance needs evolve over time. There are numerous “life events” such as marriage, kids learning to drive, newer cars, or perhaps your assets have grown and now you need broader coverages; but whatever life throws at you it pays to talk with an Independent Agent.

We’re here for you. 

A good story is someone we spoke with recently and quoted multiple policies for. This married couple had an online policy for many years and wanted to compare some rates. When we looked over their current coverages, the most striking issue we saw were state minimum liability amounts. This couple not only owned their home and a rental property, but they were medical professionals. When we explained the risk they were taking to save a few dollars from this online policy, they wisely listened. Understanding your insurance should be part of your buying decision.

Remember, insurance isn’t just a rate. 

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.

A Quick Look at the Long History of Travelers Insurance

“In 1864, Hartford businessman James G. Batterson met a local banker, James E. Bolter, in the post office. Bolter had heard that Batterson and several fellow townsmen were organizing a company to introduce accident insurance to the United States. He asked Batterson how much he would charge to insure him for his four-block walk home. “Two cents,” Batterson said.”

Between TV, internet, and radio ads it’s rare for an insurance commercial not to be seen or heard every hour. Some are funny, and some not. Interestingly very few tell you anything about their coverage offerings outside a few catch phrases, but that’s another discussion.

My point is that as consumers we only hear from 4 or 5 insurance companies when in fact there’s 100 licensed carriers in Virginia.

One of the oldest and most reliable insurance carriers, Travelers Insurance (A++ by A.M. best), is one of many options you have for personal and commercial insurance lines in Virginia. As an Independent Insurance Agency, our family at Dove Insurance has worked with Travelers Insurance for 50 years.

Our take on this long partnership is simple: you don’t do business with someone this long if they don’t take of people. And Travelers has done an excellent job over the decades.

Interesting Facts About Travelers Insurance

Travelers Insurance has as a history of insurance firsts. Just take a look at this long list of industry milestones:

1864: *Introduced accident insurance.
1897: *Issued an automobile insurance policy.
1889: Offered liability insurance to employers, known today as workers compensation.
1903: *Opened an insurance school.
1904: *Organized a corps of safety engineers.
1919: *Offered aircraft liability insurance, with a full aviation program.
1956: *Established a weather research center.
1958: *Offered life insurance to women at lower rates than men.
1961: *Introduced a new coverage option for electronic data processing.
1968: *Pioneered the “CAT Van,” a specially modified RV used as a mobile claim office to assist policyholders after disasters.
1969: *Issued accident policies for space flight and lunar exploration.
1971: *Established the Office of Consumer Information, providing all consumers, not just Travelers customers, with a toll-free number, to call and comment on insurance issues or ask insurance-related questions.
1980: *Installed an interactive company/insurance agency computer system.
1997: *Launched an insurance policy to protect individuals who use personal computers for online banking.

*Insurance industry first