108 West Washington Street
P.O. Box 1070
Galax, VA 24333

(276) 236-8106
(800) 758-8106
(276) 236-0165 Fax

We have agents located all across Virginia to serve you. CLICK HERE to find one near you.

Homeowners Insurance

Most people simply cannot afford to rebuild their home and replace everything in it if there is a disaster. Your home is one of the largest investments you will ever make, and you want it protected. Homeowners Insurance typically covers a broad range of possible damages.  While a standard homeowners policy helps protect your house, it helps cover more than just the physical structure of your home. The standard homeowner’s policy also covers your personal belongings, the shed in your backyard, and even medical bills if a guest is injured on your property.

Coverage for your personal belongings may be limited on certain types of high-value items, such as jewelry or artwork; Additional coverage can be purchased specifically for these types of assets.

While it’s not required by law, mortgage companies and mobile home communities may require that homeowners purchase homeowners’ insurance.

Renters Insurance

No matter what type of home you live in, personal property insurance is your responsibility. If you live in a condominium, apartment, or renting a house, remember the landlord will not pay for damage caused inside your unit, even if it results from an incident outside of your control, such as a pipe bursting or an electrical fire.

What we offer
Grayson-Carroll-Wythe Mutual offers a wide variety of homeowners policies specifically tailored to your needs. We offer a range of home insurance policies to cover you in the event of theft, additional living expenses while your home is inhabitable, personal injury and other types of losses.

We offer HO-2 Broad Form, HO-3 Special, HO-4 Tenant’s Form, HO-5 Comprehensive Broad Form, HO-6 Condo Form, and HO-8 Limited Form policies. These policies are designed for owner-occupied dwellings used for private residential purposes. Each policy can be endorsed to meet your specific needs. Our agents will work with you to write the policy that works best for you.

What’s covered'?

Coverage for Your Home and Other Structures on Your Property.
Coverage for Your Personal Belongings, Whether Damaged or Stolen at Home or Elsewhere in the World.
Additional Living Expenses While Your Home is Uninhabitable.
Liability and Med Pay Expenses if Someone is Injured on Your Property.

Want to bundle your home and farm insurance? No worries! We have you covered with our Home – Farm Combo (Farmowners) Insurance package.

Which Homeowner's Insurance Policy is right for you?
There is more to "the best homeowners insurance policy" than just inexpensive premiums. The right policy for you is the one that covers all your needs at a price you can afford.

We offer the following homeowner insurance policy forms:
HO-2 Broad Form: This comprehensive policy type includes the named perils of fire, smoke, explosions, lightning, hail and windstorms, theft, vandalism, damage from vehicles, damage from aircraft, riots and civil commotion, and volcanic eruptions.  Other coverages include falling objects, damage caused by the weight of ice and snow, frozen AC and heating systems, and more. That said, HO-2 policies only cover named perils.

HO-3 Special Form:Considered the most common type of homeowners insurance, HO-3 policies provide coverage for all named perils in HO-2 plans and a whole lot more on the home and outbuilding structures. This policy form is known as an open perils, though the particulars depend on the specific contract details. For instance, personal property is covered on a Named Perils basis.  HO-3 plans include coverage for the dwelling, personal property, liability, loss of use, and guest medical coverage.

HO-4 Tenant's Form: This policy form is specifically designed for renters, as it only covers personal belongings and liability.

HO-5 Comprehensive Form:Homeowners looking for maximum coverage should consider this open perils policy, as it protects against the widest range of common hazards for both structures and personal belongings. HO-5 offerings contain all the basic coverage options associated with standard homeowners’ insurance, from dwelling and other structures to personal property and liability safeguards. Although most policies of this type do have exclusions, there are plenty of opportunities to supplement your plan with extra options.

HO-6 Condo Form:This type of insurance policy is tailored to the needs of condo owners. It Is not designed to provide adequate protection for traditional homeowners.

HO-8 Older Home Form:This policy form is a valuable resource for older properties. HO-8 offerings are markedly similar to HO-2 policies but include special adaptations that address some of the specific risks that older homes contend with, like outdated plumbing and electrical systems.

Example of HO-3 Policy
Here is a look at the coverages included in a Special Homeowners Insurance policy (HO-3) and the typical reimbursement limits of each component:

Coverage What Does the Coverage Do? What is the Insured Coverage Limit?
Section I – Principal Property Coverages
Coverage A – Residence Covers the residence on the ‘Described location’ Replacement cost up to the amount of Coverage A shown on the policy
Coverage B – Related Private Structures Covers detached structures on your property. Replacement cost coverage up to 10% of coverage A
Coverage C – Personal Property Covers your personal belongings both inside and outside the home. Replacement cost coverage up to 50% of coverage A
Coverage D – Additional Living Costs and Loss of Rent Pays for additional living expenses while your home is being repaired. Replacement cost coverage up to 20% of coverage A
Incidental Property Coverages All the additional coverages in a standard policy – like collapse, debris removal, Emergency Removal, etc. Varies by Coverage
Section II – Liability Coverages
Coverage L – Personal Liability Pays for legal and medical bills if you are held liable for injury or personal property damage to someone else. We pay, up to the limit that applies, all sums, for which an insured is legally liable because of bodily injury or property damage caused by an occurrence to which this coverage applies.
Coverage M – Medical Payments to Others If a guest is injured in your home, it pays for their medical bills, regardless of who is at fault We pay the necessary medical expenses if they are incurred or medically determined within three years from the date of an accident causing ‘Bodily injury’ covered by the policy.

HO-3 policies are among the most common for homeowners in the US. An HO-3 Covers your home’s structure against all perils excluding the ones specifically listed.

Optional supplemental coverages you may add for your own specific needs include:
Identity Recovery and Fraud Coverage (Brochure)
Equipment Breakdown (Brochure)
Service Line Coverage (Brochure)
Inland Flood Coverage (Brochure)

Our agents will work with you to provide the best policy for your specific needs! CLICK HERE to find one near you.

Homeowners Equipment Breakdown Coverage
Homeowners Insurance protects you against loss to your home and personal property.