Elegant Brick Front Colonial In Charlottesville Virginia
Elegant brick front colonial with the finest finishes. Main level boast
hardwood floors & windows with transoms bringing all of the natural
light into this open floor design. The kitchen is equipped with
stainless steel appliances, granite counter tops, natural slate
flooring, a breakfast nook and bar that flows right into the family
room. Complementing the master suite is a tray ceiling, walk-in closets
& attached luxury bathroom. The nursery features an attached
playroom, would also make a great office with a den or study. The
bedroom level laundry room has pull down stairs to the floored attic for
loads of storage. Enjoy entertaining in the fenced private back yard
professionally landscaped. The side load 2 car garage provides clearance
for large vehicles and still plenty of room for the toys and storage in
the workshop area with built-in cabinetry & shelving. Fontana
residents enjoy a community pool, playgrounds, walking paths, tennis
courts and a fitness center. Fontana is conveniently located in
Albemarle county in the Pantops area just of Rt 250 and minutes to the
City of Charlottesville.
Interested in selling a home in Fontana, Charlottsesville Virginia?
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| 1117 Olympia Dr Google Map |
Don't see what your looking for?
Call, text or email me!
Sherry Hayward
Keller Williams Charlottesville
703-655-2223
shayward@kw.com
Understanding Your Homeowner's Insurance
...before it may be too late.
For nearly all consumers, owning a home represents a large investment. But suppose your home is vandalized or damaged by a storm? Having insurance can protect you from such unpredictable losses.
When purchasing insurance, it is important to
READ YOUR POLICY.
Your policy is the contract between you (the insured) and your
insurance company. The time to learn about your coverage and
conditions is not after you have suffered a loss but before, while you
have the opportunity to discuss the policy with your agent. If you
do not understand the policy or want to modify it, contact the insurance
agent or company for additional information. Also important is the
written application for insurance that usually becomes part of the
policy. Carefully examine the application before signing it to make
sure the information is accurate and complete.
Choosing A Policy
When insurance policies are sold, they are issued on either a
monoline basis or as a package policy. A monoline policy contains only
one type of coverage, such as liability insurance, while a package
policy includes several different types of coverage, such as property
insurance and liability insurance. A package policy is generally
less expensive than insurance coverages purchased separately. Homeowners
policies are package policies that include property, liability,
injury to someone on your property due to your negligence or that of a
member of your family; or somebody else's property is damaged as a
result of your negligence.
It is important to be aware of
the different perils that you are insured against. It is up to you to
determine whether you need the most extensive type of coverage or
whether your insurance needs can be met with a basic policy. Some of the
coverages excluded under a policy, such as earthquake damage and
power interruption, can be "bought back" for an additional premium.
Correspondingly, some coverages listed under a policy can be excluded,
such as off-premises theft, resulting in a reduction in premium.
However, some coverages, such as flood insurance, are always excluded
and the only way to obtain them is through Federal insurance
programs.
For more detailed information, be sure to contact a reputable insurance agent or sales representative.
Most Common Types of Homeowner's Insurance
Homeowners - 1 (HO-1) policy or Basic Policy,
insures your home and contents against listed perils. Most insurers
sell more comprehensive policies, such as the Homeowners-3, which
includes these and other perils: Fire, Lightning and Smoke Damage,
Windstorm and Hail, Glass Breakage, Vehicle or Aircraft Damage,
Bodily Injury Liability, Damage to Property of Others, Personal Property
(at Home), Personal Property (away), Burglary and Theft, Riot and
Civil Commotion, Cost of Legal Defense, Explosion, Vandalism and
Malicious Mischief, Medical Payments, Additional Living Expenses (If
forced to live away from home temporarily).
Homeowners - 2 (HO-2) policy or Broad Form Policy,
insures your home and contents against the perils in the HO-1 policy,
plus other additional listed perils: Falling Objects, Water From
Plumbing Systems, Electrical Damage to Appliances, Weight of Ice or
Snow, Freezing of Plumbing Systems, Rupture of Water Heaters and
Heating Systems.
Homeowners - 3 (HO-3) or Special Form Policy
is the most widely used policy by homeowners. This policy covers your
home for all risks of physical loss, except those that are
specifically excluded, such as flood, earthquake, war, nuclear accident,
etc. Check your policy for a complete listing of perils excluded.
Coverage for loss of your home's contents is also covered for many of
the same perils for which your home is covered.
Tips on Evaluating Your Home and Personal Property
The first step in determining how much insurance you will need
is to make an analysis of the value of your home and your personal
property within it. In determining the value of your home, you must
calculate how much it will cost to replace it if your home were totally
destroyed. You can enlist the help of your insurance agent in
determining this figure. In fact, most insurance companies make a
physical inspection of your home when they first insure it. Using
formulas that take into account whether your home is of brick or wood
frame construction, total area, number of floors, number of rooms, etc.,
the company will be able to give you an accurate replacement cost
value.
Determining the value of your personal property
will require an extensive analysis on your part. You should go through
each room of your house and list every piece of furniture and
fixture within it. As you compile your inventory, you should supplement
it with receipts indicating the purchase price and date of purchase
and photographs of major items. Your inventory should be updated on an
annual basis or, at the very least, whenever you purchase a large
appliance or piece of furniture.
Some people periodically
videotape all their possessions. If you videotape, make sure all the
drawers and/or doors of your furniture are open so you have a record
of what is stored. When complete, you should store your inventory or
videotape in a safe place away from your home, such as your safe deposit
box. You might also store this information in the home of a friend
or relative.
