Ankeny Homeowners Insurance

Your Complete Guide to Ankeny, IA, Homeowners Insurance

How to connect with a local expert in minutes

Ankeny Iowa Homeowners Insurance

Your homeowners policy will consist of a variety of coverages necessary to protect your property and household members. In Ankeny, IA, there are 62,416 residents. You'll want adequate coverage for your home and your family. 

Fortunately, an independent insurance agent can help. They have access to several carriers, so you have options on coverage and premiums. Connect with a local expert to get accurate quotes for your personal insurance. 

Your Liability Coverage in Ankeny, IA

Liability insurance will protect against a lawsuit arising out of bodily injury and property damage. Two main policies will have liability coverage for your home. Take a peek at the most common ways to obtain liability protection.

While your homeowners policy is the first line of defense when it comes to liability protection, umbrella insurance is another. Umbrella insurance will apply when a more substantial loss occurs, and your underlying limits have been exhausted. Coverage starts at $1,000,000 and goes up from there. 

Your Homeowners Insurance Costs in Ankeny, IA 

Burglaries in Ankeny, IA, will affect your costs on insurance. Carriers use local crime as one of their rating factors. To have protection for a break-in, you'll want to review your policy for accuracy. Take a look at the burglaries per 100,000 households below.

  • National average: 376.00
  • Iowa average: 352.60
  • Ankeny average: 234.10

Home insurance will provide coverage for burglary under the following limits.

  • Dwelling limit
  • Personal property limit
  • Additional living expense limit
  • Medical payments limit
  • Liability limit

Your home policy needs to include coverage for theft and vandalism for any of these limits to apply. The limits will need to be adequate to cover the full amount of the loss as well. Look over your current coverages with an adviser to be sure.

Your Ankeny, IA, Rental Home 

If you own a rental property in Ankeny, IA, there are some things you need to know. Primary home insurance won't be enough to protect your investment or liability risk. There are numerous items you'll need to cover, and the right policy is necessary. 

Landlord insurance can help cover your interests as the property owner. It will provide insurance for third party tenants and more. If you're unable to rent out the home due to a covered loss, then this policy will help pay the mortgage in the meantime. 

Disasters and Your Ankeny, IA, Home Policy

Iowa, in general, has some extreme weather fluctuations. Between harsh winters and tornado season, Ankeny home insurance should be sufficient. Take a peek at the top exposures in Ankeny, IA.

  1. Flooding and water damage
  2. Severe storms and lightning
  3. Tornadoes 
  4. Severe ice storms and freezing
  5. Burglary and other property crimes

Ankeny's weather-related statistics

The number of natural disasters in Ankeny: 13

Major presidentially declared disasters in Ankeny: 12

Emergencies declared in Ankeny: 1

Let's look at the top three causes in Ankeny

Floods: 10 declared as a disaster

Storms: 7 declared as a disaster

Tornadoes: 4 declared as a disaster

Here's why you need flood insurance

When you have a flood loss, you may be surprised to know that your homeowners policy won't have coverage. This is because you need separate flood insurance. A flood loss could result in thousands of dollars of damage, making you financially responsible without this policy.

The Cost of Ankeny, IA, Home Insurance

A variety of risk factors sets your homeowners insurance rates. Carriers look at personal data, crime, and even weather when they assign a figure. Take a look at the items insurance companies use to determine your premiums.

  • Where you live
  • How many claims you've filed
  • How new your house is
  • How close you are to a fire department
  • How close you are to a fire hydrant
  • The materials of your home
  • Your credit score
  • If you have a pool, trampoline, or pet
  • The square footage of your home
  • How much it costs to replace your home

The average home insurance premium

  • National average: $1,211
  • Iowa average: $964

Risk factors you can improve

  • Improving your credit score
  • Filing fewer insurance claims
  • Updating your roof, electrical, plumbing, or heating

There are other ways to cut costs when it comes to home insurance. You can bundle your home and auto policies with the same carrier to get a significant discount. It's not unusual to see 30% or more in savings. 

Connect with an Independent Agent in Ankeny, IA

In Ankeny, the right insurance policy is important in protecting your assets and family. Iowa had 291,074,000 home claims reported in 2019. To avoid financial ruin or worse, consider working with a knowledgeable professional. 

An independent insurance agent can help you find a policy and premium that fits your budget. They have access to several markets, giving you the best deal in town. Go to TrustedChoice.com and connect with a local expert to get started. 

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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