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A new era for the ISO Homeowners Insurance Policy Program in Virginia

What do the release of Nirvana’s groundbreaking album Nevermind, the debut of the hit film Terminator 2: Judgment Day, and the ISO Homeowners program’s last major filing in Virginia have in common?

Yes, they’re all classics, but more to the point: They all occurred in 1991.

ISO Homeowners Insurance Policy Program in Virginia

Updating the ISO Homeowners Insurance Policy Program for Virginia

But now we’re anticipating filing a new homeowners and dwellings policy in Virginia. That’s because the Virginia Insurance Bureau has recently adopted new rules that change the requirements for homeowners and dwellings policies in the state.1

The enhancements to the ISO Homeowners and Dwelling Property Insurance Policy Program for Virginia is expected to include new forms, endorsements, rules, and advisory loss costs. It will be the most significant program update for the state in over three decades.

Building on the new multistate filing

While the precise contours of our Virginia filings are still under review, we anticipate including many enhancements from our most recent homeowners multi-state program update which we began filing in various jurisdictions in 2021.

In that filing, the program was enhanced to address a several new risk exposures, including cannabis, e-bikes/e-scooters, drones, and virtual currencies.

As for Virginia? As the star of a certain 1991 classic would say, we’ll be back with an anticipated filing of new ISO Homeowners and Dwelling Property forms, rules, and advisory loss costs in Virginia in 2022.

For more information, please see Circular LI-HO-2021-276 (ISOnet® login required) or email me at

William C. Schlager

William C. Schlager is director of personal property and farm product development, Underwriting Solutions at Verisk. He can be reached at

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  1. Virginia Bureau of Insurance, under Order To Take Notice No. INS-2021-00092, to the Virginia State Corporation Commission. < >

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