- Assure stability in the property insurance market
- Make sure basic property insurance is available for all qualified properties
- Encourage the maximum use of licensed insurers
- Provide for the equitable distribution of risk to all licensed insurers
The Virginia Property Insurance Association was formed in 1968 as the Virginia Insurance Placement Facility. We changed our legal structure and our name in 1976 when we became the Virginia Property Insurance Association. The Association provides dwelling and commercial property coverages to individuals and businesses throughout the state who are unable to obtain coverage through the voluntary insurance market.