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Insure Your Home in the City of Alexandria
The sixth most populous city in Virginia is one of the most desirable places to live. Conde Nast Traveler named Alexandria as the third-best small city in the United States in 2023.
Between 2017 and 2021, the median value of owner-occupied homes in Alexandria was $579,100. The average home price in Alexandria has continued to increase and is now over $600,000. Homeowners need insurance policies that protect the rising value of residential properties in the city of Alexandria.
Owning a home in the third largest principal city in the Washington D.C. metropolitan area can be a smart investment. Alexandria had a rate of population growth of 13.9% between 2010 and 2020, compared to 7.9% for the state of Virginia. Learn more about how comparison shopping for home insurance with VIU by HUB can help you find the right policy to protect your property in this growing city.
Coverage for Property Damage Risks In Alexandria
Severe weather and property crime pose the greatest risks to Alexandria residences. Home insurance can cover damage or losses due to covered perils, but you may need a separate flood insurance policy to cover water damage caused by heavy rain, overbank flooding of the Potomac River or storm surges. Find out how home insurance in Alexandria can cover the cost of damage from the following hazards:
- Property crime: Residents of Alexandria have a 1 in 58 chance of becoming victims of property crime. Comprehensive home insurance covers the cost of replacing losses due to burglary or repairing damage caused by vandalism.
- Severe storms: Severe thunderstorms frequently occur in Alexandria, and Tropical Storm Ophelia in 2023 and Tropical Storm Lee in 2011 also affected the city. Most home insurance policies cover storm damage.
- Flooding: About 20% of Alexandria is on a floodplain, and approximately 28% of all properties in the city are at risk of severe flooding over the next 30 years. Home insurance typically excludes flood damage.
You should carefully review home insurance policy terms and exclusions. Choosing the right policy and obtaining any additional coverage you need can protect the value of your property.
Average Home Insurance Rates in the City of Alexandria
The average annual home insurance premium in Alexandria is $945. which is less than the statewide and national average. Quotes can vary based on the age, size and location of your home.
Comprehensive Quotes for Home Insurance in Alexandria
VIU by HUB is the best way to get comprehensive quotes for home insurance. Provide information about your home in Alexandria to compare rates from leading insurance companies. If you have a federally backed-mortgage, you may need to maintain home insurance coverage.
You should consider all of the risks of damage to your home to select the right home insurance policy and any additional coverage. An endorsement that covers sewer backups can be beneficial in a city that is still addressing 90 problem areas with the stormwater management system.
Customize Your Home Insurance Coverage
Homeowners in Alexandria can get quotes for basic, broad, special form or comprehensive home insurance policies from VIU by HUB. Look for policies that have sufficient limits for the value of your home and customize coverage with any of the following options:
- Scheduled personal property or valuables coverage
- Replacement cost value coverage
- Umbrella policies for more complete liability coverage
Get quotes for home insurance in Alexandria that provides custom coverage. With VIU by HUB, you can compare premiums and deductibles to get the right policy for your home.
This information is intended for general informational purposes only and is not intended to constitute legal advice.