Difference in conditions insurance throughout Richmond, VA and all of Virginia.

As a homeowner, the risks you face vary depending on the region you live in. Whereas most home insurance policies exclude certain risks, a difference in conditions insurance policy is focused on covering homes in high-risk areas, targeting those often-excluded perils.
What could be covered under this policy?

This is a specialized coverage that acts as a supplement to your home insurance policy, offering additional protection or increasing your current coverage to fill in the gaps left by standard exclusions in home insurance policies. Here are some of the named perils that may be covered under a difference in conditions policy:

  • Earthquake
  • Flood
  • Landslide/Mudslide
  • Snow/Ice
  • Theft
  • Water Damage
Who needs difference in conditions insurance?

Simply put, if you are a homeowner living in an area that has an increased risk of events such as earthquakes or floods, or your home is uninsurable due to large claims, you should strongly consider this coverage, as it goes beyond what your home insurance can cover. Without it, you could face devastating losses should one of these events occur. And even if you do have coverage for these named perils, it may be a good idea to get excess coverage that kicks in should you pass your limits. However, if you are in an area that’s not at high risk for certain natural disasters, you may not need more coverage than you already have included with your home insurance.

Coverage that supplements your home insurance policy.

Depending on your situation, your difference in conditions insurance policy may either be excess or primary coverage for certain perils. For example, if the named peril you are getting insurance for is not already covered in another policy, it would act as your primary coverage. On the other hand, if the named peril is already covered by a policy but with a limited amount, it would work as excess coverage, kicking in when your limit is reached. Either way, a difference in conditions insurance policy offers enhanced coverage that goes beyond what traditional home insurance can provide. And the most important thing is that you can have your coverage customized to your needs and the risks that you face.

Fills in gaps with the California FAIR Plan.

If you live in a brush fire-prone region in California, you might have coverage through the California FAIR Plan since many insurance companies do not insure homes in these areas. This offers coverage for fires, explosions, wind, hail, vandalism, volcanic eruptions, and more. However, it lacks coverage related to water damage due to plumbing leaks, theft, and liability. This is where having a difference in conditions insurance policy may offer additional coverage and fill in gaps you might have to better safeguard your home and investment.

Are you interested in enhancing your coverage with difference in conditions insurance? Contact us to discuss your options.

Let’s discuss your difference in conditions insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate difference in conditions insurance solution. There’s no obligation, just good-old-fashioned advice.
KilGO Insurance Agency offers comprehensive difference in conditions insurance throughout Virginia, including Richmond, VA, Fredericksburg, VA, Charlottesville, VA, and Virginia Beach, VA. We also service Raleigh, NC, Charlotte, NC, as well as Montgomery, MD, and Howard, MD.