Independent Insurance Agency Serving Richmond, VA

Yes. Virginia raised its minimum liability limits on July 1, 2025, from 30/60/20 to 50/100/25 under House Bill 1077. If you purchased a policy before that date, verify your policy reflects the updated minimums. Policies renewed or issued after July 1, 2025 must meet the new 50/100/25 requirement. We can review your current coverage and confirm you are compliant.

Richmond homeowners insurance costs vary by home age, construction type, proximity to flood zones, coverage limits, and carrier. The James River and its tributaries create flood exposure in lower-lying Richmond neighborhoods that can affect both premium and coverage gaps. As an independent broker we compare 30 plus carriers to find the most competitive rate for your specific property and ZIP code.

Yes. The James River runs through the heart of Richmond and has a documented flood history. Standard homeowners and renters policies do not cover flood damage. Lower-lying neighborhoods near the James River, Shockoe Bottom, and other low-elevation areas may be designated within FEMA Special Flood Hazard Areas, where flood insurance is required for federally backed mortgages. We evaluate your property's flood zone designation and compare NFIP and private flood coverage options.

Virginia is an at-fault state. The driver who causes an accident is responsible for the other party's property damage and medical expenses through their liability coverage. Virginia does not require Personal Injury Protection (PIP). Uninsured motorist coverage is required for all Virginia auto policies at the same limits as your liability coverage (Code of Virginia Section 38.2-2206).

Most Richmond small businesses need at minimum a General Liability policy. Many benefit from a Business Owner's Policy (BOP), which bundles general liability and commercial property at a lower combined cost. Virginia requires workers compensation for most employers with three or more employees (Code of Virginia Section 65.2-300). Service businesses and government contractors should also consider Professional Liability. We identify the right combination for your industry.

Yes. Renters insurance covers your personal belongings against theft, fire, and other covered perils, provides liability protection if someone is injured in your rental, and includes loss-of-use coverage if your unit becomes uninhabitable. Flood damage is excluded from renters policies and requires separate flood insurance. Richmond renters insurance typically costs $15 to $25 per month depending on coverage limits.

Yes. Dragon Insurance is licensed in Virginia and serves clients throughout the Richmond metro including Henrico County, Chesterfield County, Glen Allen, Midlothian, Short Pump, Mechanicsville, and Colonial Heights. We handle all quotes by phone and online, with no office visit required. Call 717-229-5115 or request a quote online to get started.