Davenport Homeowners Insurance

Your Complete Guide to Davenport, IA, Homeowners Insurance

(And why an independent agent is a good choice)

Davenport, Iowa, is labeled a green city with over 50 local parks. This town is located right next to the mighty Mississippi River and is known for recreation.

With over 102,320 residents, Davenport is a lively place to own a home. Your home insurance can be found with the help of an independent insurance agent. Connect on TrustedChoice.com to be matched with a local agent today.

The Cost of Homeowners Insurance in Davenport, IA

Homeowners insurance is different for everyone. The insurance companies take your individualized risk factors and your property information to come up with rates. Let's take a look at the home insurance premium averages:

  • National average - $2,305
  • Iowa average - $2,540

When you live in Davenport, rates could be higher or lower than the state and national averages. The only way to know your exact pricing is to get quotes from your independent agent.

How the carriers figure out your home premium:

1.) Your address

2.) Davenport's crime rates

3.) Your credit score

4.) What it costs to replace your home

5.) Any updates on your home

6.) Your loss history

Your independent agent can go over your specific risk factors when quoting home insurance.

Burglary Frequency in Davenport, IA

Your insurance premiums are also based on the crime rate in Davenport. When your city has a high burglary occurrence, the insurance company will make up for their losses. Let's see what the burglaries per 100,000 households are:

  • National average - 376
  • Iowa average - 352.6
  • Davenport average - 1,075

Davenport has a larger population, which usually accounts for a higher rate of crime. Since the burglaries happen more often in this town, you may have more of a cost. The process for which your homeowners insurance premiums will increase is the following:

Step #1 - A break-in occurs at your home

Step #2 - You file a homeowners claim 

Step #3 - The carrier pulls data on the number of property crimes filed in the area

Step #4 - All insured's in that city are surcharged a rate increase to make up for the claims filed

Disasters and Catastrophes in Davenport, IA

Your Davenport agent should know the top risk exposures that could cause a claim. Coverage could mean the difference in a claim being paid or you paying out of pocket. If you're aware of the most common catastrophes in Davenport, you'll be better prepared.

Common natural disasters in Davenport, IA:

  • Floods
  • Storms
  • Tornadoes
  • Heavy rain 
  • Hurricanes

Flood damage is an excluded coverage on your home policy. You'll need separate flood insurance to be adequately protected. How to get flood insurance through your independent agent in 3 steps:

#1 - Get an independent agent

#2 - Have your agent pull your property's flood zone

#3 - Have your agent quote FEMA approved carriers and choose the best option presented

Flood insurance and coverage for a natural disaster should be a top priority in Davenport. Connect with your agent to get quotes on your home coverage.

Home Insurance Claims in Davenport, IA

If you know the most common property insurance claims in Davenport, then you will be more prepared. When disaster strikes, you want to make sure your home policy will respond.

Top five property claims in Iowa:

1.) Flooding and water damage

2.) Severe storms and lightning

3.) Tornadoes

4.) Severe ice storms and freezing

5.) Burglary and other property crimes

If you become a victim of a catastrophe, your Davenport home policy needs to cover the top exposures. Take a look at the most common coverages your home policy should have:

  • Dwelling coverage: This covers the replacement cost of your home.
  • Liability coverage: This is your personal liability limit to protect against lawsuits.
  • Other structures coverage: This is an automatic coverage that will apply to any detached garages or sheds. 
  • Personal property coverage: This will replace or repair your personal belongings. 
  • Additional living expense coverage: If a claim kicks you out of your home, this coverage will give you the funds to rent elsewhere for a time.

Contact your local independent agent on how your homeowners policy can provide adequate protection.

An Independent Agent in Davenport, IA

The best homeowners insurance policy is right around the corner. When you find a local independent insurance agent, you can get the best of both worlds.

They have access to multiple carriers so you can get competitive pricing and sufficient coverage. Go to TrustedChoice.com to connect with a Davenport agent today.

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