Safeco, part of Liberty Mutual, has filed a form update in Virginia proposing to lower the minimum limit for its Renters policies.

The filing was submitted on January 15, 2026, and applies to both new and renewal business in the state. Safeco is requesting approval to implement the change for new business starting February 21, 2026, with renewals following on April 4, 2026.

According to the filing, the proposed adjustment is limited to minimum personal property requirements and does not introduce new rating factors. Safeco also notes that renters policies are generally not issued for properties used for farming purposes.

The submission also provides context on prior actions, noting that rate stabilization and book transfer rate stabilization provisions were removed from the program effective July and August 2024.