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.
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:
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.
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.
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.
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:
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.