Homeowners Insurance

Owning a home comes with its own set of worries and complications. Buying homeowners insurance coverage shouldn’t be one of them. At Cothran Insurance we make the process simple and efficient leaving no stone unturned to protect your home. Call us for a homeowner insurance quote today or click the "Quote Now" button to get a homeowners insurance quote online now!

Who Are We

Cothran Insurance is a Property and Casualty insurance agency located in Lynchburg, Va. We have been providing insurance for the Lynchburg, Va and surrounding area since 1981. We write through multiple insurance carriers to keep our customer’s insurance cost at a minimum without sacrificing coverage. 

Customer service and customer experience is paramount to us so every homeowners insurance company we write through is highly rated for claims experience and customer satisfaction by JD Power. Also, all of the companies we write through have an insurance rating of “A” or better from AM Best so that you can feel comfortable knowing that your insurance carrier has the financial strength to pay their claims.

How We Differentiate Ourselves From Other Independent Agents and Captive Agents

Captive agents like State Farm or Allstate only have the one carrier to write through and if your insurance premium increases they have no other outlets to save you money.

Other independent agents just let your policy continually renew without ever reviewing your insurance rates and will only provide comparison quotes if you initiate the process.

We have a team of licensed insurance agents that are dedicated to nothing but reviewing your homeowners insurance policies as they renew to make sure that we are getting you the best insurance coverage at the lowest cost to you making sure your insurance premiums don’t take exorbitant increases.

There When You Need Us Most

If someone gets injured on your property, you sustain water damage to your home or some other potential claim occurs where you feel you may need to file a claim, we want you to call us so that we can answer any questions you have and assist you while the filing a claim. We know that you may have questions about the process such as who should you call for repairs, is it a covered loss, what type of coverage would apply or what your limits and deductibles are to pay for damages.

Our Home Insurance Coverage Review Process

Standard homeowners insurance provides dwelling coverage, personal property coverage, medical payments and personal liability coverage. Dwelling coverage protects your main structure, major appliances and carpeting. Personal Property coverage protects things such as your furniture, clothing and electronics. Medical payments is a type of insurance coverage that pays for medical bills for your guests if they are injured on your property. And liability insurance coverage pays for your legal liability as a result of property damage or bodily injury caused by you are occurring on your property. However, there is so much more that a homeowners insurance policy can provide.

All of the types of coverage available on property insurance can be overwhelming and confusing. And unfortunately some insurance agencies make the home owner solely responsible for letting them know what they want covered. With our proprietary system, we will explore and explain without industry jargon all of the coverage options with you to make sure your homeowners insurance coverages are tailored to fit your specific needs.

We offer a wide range of additional insurance options that are available on our homeowners insurance policies or on a separate insurance policy. A lot of people just assume that homeowners insurance covers everything. However, the reality is that while homeowners insurance is very comprehensive in what it covers such as wind, hail, theft, fire etc, insurance doesn’t cover some causes of damage as they are specifically excluded on the standard homeowners insurance policy. However, some of the specific homeowners policy exclusions can be added back on by endorsement or a separate policy purchased. 

Some of those are:

  • Identity Theft
  • Ordinance or Law Coverage
  • Water or Sewer Backup Coverage
  • Flood Insurance
  • Earthquake Coverage
  • Equipment Breakdown Coverage

And so many more…

Coverage availability may vary by state or insurance carrier

Ways To Save Money

Some of our homeowners insurance companies offer multi policy discounts for having the following insurance products with them:

  • Car Insurance
  • Motorcycle Insurance
  • RV Insurance
  • Boat Insurance
  • Personal Umbrella Insurance
  • Life Insurance

 

Fire and Theft Protection Discounts

  • Smoke Detector
  • Central Station Fire Alarm
  • Central Station Burglar Alarm
  • Fire Extinguisher
  • Sprinkler System

 

Other Discounts

  • Claim Free Discount
  • EFT Discount
  • Pay In Full Discount
  • Paperless Discount

Other Products and Services We Offer

  • Auto Insurance
  • Motorcycle Insurance
  • RV Insurance
  • Boat Insurance
  • Personal Articles Floater - Jewelry, Watches, Furs or Guns
  • Collectibles Insurance - Stamps and Coins
  • Antique or Classic Vehicle Insurance
  • Personal Umbrella Insurance
  • Life Insurance
  • Business Liability Insurance
  • Business Property Insurance
  • Workers Compensation
  • Business Auto Insurance
  • Business Umbrella Insurance

And more…

If you have an insurance need that isn’t listed above, call us and I’m sure we can help.

A Major Problem Within The Homeowners Insurance Industry That We Address

You’ve done the responsible thing and insured your home. However, most people would be surprised to hear that according to Marshall & Swift/Boeckh’s Residential Cost Handbook, 64% of homes in America are underinsured by an average of 27%.

Most homeowners see their home owners insurance coverage says Replacement Cost on their home and assume that means their home insurance company will pay whatever it costs to rebuild your home. However, Replacement Cost just means they won’t depreciate the amount of the claim by the age of the damaged property and instead will replace it with like kind and quality. But they will only do that up to the coverage amount the home is insured for. The coverage limits you see on your homeowners declarations page is the maximum amount your homeowners insurance company will pay, leaving the home owner solely responsible for covering the costs of the property damage that exceeds your coverage limits.

How we resolve this problem is with every homeowners insurance policy that we write, we do a comprehensive Replacement Cost Guide to make sure we are insuring it to 100% of what it would cost to rebuild your home in the event of a total loss. Additionally, we offer a coverage that provides for the homeowners insurance company to pay up to 150% of the dwelling limit in the event of a total loss instead of being limited to just your limit shown on the homeowners declarations page. That gives you an additional 50% of dwelling coverage for about a $1 per month.

Who We Provide To

Cothran Insurance is located in Lynchburg, Va and has been providing Homeowners Insurance to the residents of Lynchburg, Va, Forest, Va, Bedford, Va, Rustburg, Va, Appomattox, Va and the surrounding areas since 1981.

Saving money is even easier when you bundle your home and auto.

Have Questions About Coverages, Pricing or Want A Home Insurance Quote? Either call us at 434-239-2886 or fill out the form below and we will promptly contact you.

Request a Quote

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