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James River Insurance Agency
James River Insurance Agency James River Insurance Agency is an independent insurance agency that specializes in property and casualty, business and life insurance. We represent multiple insurance carriers so that we can find you the perfect fit for your home, auto, business and life insurance.
Having been in business in the Richmond area since August 1994, we know the insurance marketplace and what the people of Virginia need.
We have competitive pricing and are known for our outstanding customer service. If you have had problems with your current agent or are unhappy with your insurance company, please call and speak with Todd Sumser, Angela Toney, Monica Coleman, or Paige Skidmore
There are several reasons to choose an independent insurance agent:
1. We give you excellent service and competitive prices because we can access the insurance coverage from more than one company.
2. Unlike other agents, we are not beholden to one company; thus, you don’t need to change agencies as your insurance and service needs change.
3. We assist you when you have a claim.
4. As your agent, we are your personal consultant, working with you to help determine your needs.
5. We offer you a choice of insurance plans and programs.
6. We are a value hunter, looking after your pocketbook by finding the best combination of price, coverage and service.
7. We offer one-stop shopping for a full range of products-home, renters, auto, business, and life. We can periodically review your coverage to keep up with your changing insurance needs.
8. We treat you like a person, not just another number
9. Customer satisfaction is the key to an independent agent’s livelihood. Therefore, serving you is our most important concern.
James River Insurance Agency, Inc.
101 Buford Road
Suite 201
Richmond, VA 23235
Phone: 804.272.9771
Fax: 804.272.9574
Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.
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- NUMBER1EXPERT™ 
