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Linda Willer
Realtor®, CRS, ABR, SRES
RE/MAX Hall of Fame Member
Prompt, Polite & Never Pushy!
RE/MAX Action Real Estate
1770 Timberwood Blvd.
Suite 101
Charlottesville, VA  22911
Tel: 434.985.4094
Cell: 434-760.1421
Email: LindaWiller@remax.net

Providing high quality real estate services in the City of Charlottesville and the surrounding counties of Albemarle, Fluvanna, Greene, Louisa, Nelson, Madison & Orange.

What is Homeowner's Insurance?

When purchasing a property and obtaining a mortgage, your lender will require you to carry homeowner's insurance. This policy protects the lender's interest in the property, should loss or damage to the property occur. Your insurance company will provide proof of fire and extended coverage by presenting an insurance binder to the lender at the time the loan is closed. The lender is named on the policy along with the homeowner, so if damage occurs, the checks will be made out jointly to you and the lender.

A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collapsing buildings, freezing of plumbing fixtures, electrical damage and water damage from plumbing, heating or air conditioning systems, according to the Insurance Information Institute, a Washington, D.C.-based nonprofit group for the insurance industry. Such policies are "all-risk" policies, which cover everything except earthquakes, floods, war and nuclear accidents.

A basic policy can be expanded to include additional coverage, such as for floods and earthquakes and even workers' compensation for servants or contractors.

It is recommended that you obtain insurance equal to the full replacement value of the home. For personal items, you can increase your coverage beyond the depreciated value of items such as televisions or furniture by purchasing a "replacement-cost endorsement" on personal property.

Email LindaWiller@remax.net for daily updates of new properties on the market with your criteria!

ABR - Accredited Buyer RepresentativeCRS - Certified Residential SpecialistEqual Housing OpportunityMLS membershipREALTOR® certificationSRES - Seniors Real Estate SpecialistRE/MAX Hall of Fame Recipient