Located along the Mississippi River, residents of Davenport, Iowa, have one thing to contend with that many cities don't--flooding. Davenport has experienced severe flooding many times, so it's important when shopping for Davenport insurance quotes that you make sure your home and vehicle are protected.
Davenport Insurance for Cars
If you have the minimum state liability requirements of 20/40/15 ($20,000/$40,000 for bodily injury and $15,000 for property damage), you won't be fully protected against damage from flooding or weather in general.
Your Davenport insurance should include comprehensive coverage, which covers repair or replacement costs to your vehicle for non-accident related events. This includes flooding, heavy rains, hail, theft, and so forth. You choose a deductible, or the amount you pay out of pocket before your insurance kicks in, and your insurance will pay the rest.
Davenport Insurance for Homes
Many homeowners are surprised to find out, sometimes too late, that their homeowners insurance does not cover flood damage. Flood insurance is sold separately by the National Flood Insurance Program (NFIP), a branch of FEMA, and is a must if you live in Davenport or other areas prone to flooding. Most mortgage companies even require it if you live in a floodplain.
Even though flood insurance can be costly, damage as a result of flooding can be quite high--just one inch of water in your home can cause thousands of dollars in damage.
A few things you should know about flood insurance:
- Basic flood insurance only covers the structure of your home. If you want to insure your personal possessions, like your furniture and electronics, you will need to pay extra for that.
- There is a 30-day waiting period. After you purchase flood insurance, there is a 30-day waiting period that goes into effect until you can file a claim. So don't wait until it looks like the Mississippi is about to run over to purchase flood insurance.
- In Davenport, flood insurance covering the structure and the contents will run between $119 and $1300 a year, in addition to the price of your homeowners insurance. Factors include where your home is located, size, and whether or not you have a basement.
Saving on Davenport Insurance Quotes
There are many ways you can save on your Davenport insurance without skimping on your insurance coverage. Increased deductibles, discounts, and added security measures can all lower your rates.
In addition, shopping around and comparing rates is also important for getting a good deal on your insurance. NetQuote.com can provide you with multiple Davenport insurance quotes for free, so you know you're getting the best coverage and the lowest rate.