Home Insurance in Des Moines, IA

Life in the Capital City of Des Moines, Iowa, (IA)

As both the capital city and cultural center of Iowa, Des Moines is home to over 200,000 residents and over double that in the six-county region. The area takes its name from a river named for a loose French translation of “from the monks.” Des Moines’s roots go back to the middle of the nineteenth century following completion of a railroad link. Although the region originally had roots in mining, Des Moines is home to many companies in the insurance and financing sectors. In fact, so many insurers have operations here, this place is widely considered one of the insurance capitals of the world. Some have even called it the “Hartford of the West.” Besides these industries, Des Moines, IA is the nexus for state government. There’s a place for you to get in and fit in within the Land of the Monks.

Of course, there’s more than insurance and government here in Des Moines. It’s the major center of culture for the Hawkeye State thanks to a wealth of museums in art, history, and culture. Iowans who love live shows and performances can get their fill between the Des Moines Performing Arts, the Des Moines Symphony, Ballet Des Moines, and the Des Moines Metro Opera. For sports fans, indoor football, basketball, and hockey games can also be taken in. Make no mistake. Des Moines is not just a place to visit, it’s a great place to live. The cost of living in Iowa is below the national average by several metrics, especially median home cost. Even though home prices are almost half that of the nation, the average home price is over $188K. Here’s what you should know about home insurance in Des Moines, IA.

Responsible Home Ownership

As a homeowner in Des Moines, IA you’re expected not only to secure your residence but also to make sure that it’s covered from certain perils. What if you lose valuable belongings due to a robbery? What would you do if a tornado destroys your place? Most people can’t afford to repair or replace a house in those scenarios. The good news is that having home insurance in Des Moines protects your financial interests in the event of major losses or damages. Your policy for home insurance in Des Moines offers these benefits:

• Coverage for losses due to theft and vandalism
• Coverage for damage from fire, water, explosions etc.
• Coverage for those injured while on the premises of your home

Finding the right plan for home insurance in Des Moines, IA will require careful consideration, especially since policies vary. Your plan may not fully cover all water damage or the effects of earthquakes. Your policy may also require additional limits for certain high-value items such as artwork and fine jewelry.

It’s also crucial that you familiarize yourself with the details of your policy:

• Liability limit: The dollar amount of coverage for your house. If you live in a $250K home, your liability limit should be at least this amount.
• Premium: This is what you pay to have home insurance in Des Moines, IA. Most policies allow you to pay on a monthly, semi-annual, or annual basis. If you have a mortgage, the premium is often included in the monthly payment.
• Deductible: This value is deducted from a payout made by a claims adjuster for a covered loss. Higher premiums usually come with lower deductibles.

This information is intended for general informational purposes only and is not intended to constitute legal advice.