How you're covered
Iowa doesn't require home insurance by law, but if you finance your home, your lender may require you to have a homeowners insurance policy in place. Your policy's coverages are designed to safeguard your property and assets. A typical policy will include the following:
- Dwelling coverage protects your home's structure (roof, walls, etc.) as well as attached structures, like a porch.
- Other structures coverage protects detached structures, such as a fence or shed.
- Personal property coverage protects your personal belongings, including furniture, clothing, and electronics. Certain items, like jewelry, art, and collectibles, are often only covered up to a specific limit so you may want to purchase an endorsement to schedule these items on your policy at the coverage amount needed, also known as "adding a rider."
- Personal liability coverage protects you financially if you're legally responsible for another person's injuries or damage to their property.
- Medical payments to others pays for medical expenses due to a covered occurrence.
- Loss of use coverage helps cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss.
Keep in mind coverage under your policy is subject to exclusions and conditions within your policy. It's important to read your policy to understand the coverage provided.
Common claims in Iowa
Tornadoes are a significant risk to homes in Iowa. A significant number of Iowa residents live on the eastern edge of the state that's known as "Tornado Alley," but tornadoes can reach every corner of the state in the spring and summer months. Windstorms, thunderstorms, hailstorms, and snowstorms may also cause major damage to Iowa homes. Your home insurance policy may cover damage to your home's structure and belongings caused by these perils up to your policy's limits.
Learn more about how home insurance may cover damage caused by severe weather.
Homes may experience flooding from rising water levels if they are in close proximity to rivers. Rainfall and snowmelt may also pose a flood risk to your home. A separate flood insurance policy may protect your property and belongings against flood damage.
Helping you save
Progressive offers several discounts to help you save on homeowners insurance policies. Some of the most common discounts include:
- Alarm System
- Quote in Advance
- New Purchase
See more about the home insurance discounts we offer.
If you need more than $500,000 in personal liability coverage, an umbrella policy from Progressive may provide you with up to an additional $5 million in liability protection.
How much is homeowners insurance in Iowa?
Your cost for Iowa homeowners insurance varies based on many components, including your location, type of home, and coverage limits. Learn more about factors affecting home insurance pricing.
Fast facts about Iowa homes
Iowa has a homeownership rate of 72.1%, as of March 2021.
Overlooking the banks of the East Nishnabotna River in Cass County, the Reverend George B. Hitchcock House is famous for being a "station" on the Underground Railroad in the 1850s and 1860s.
"Dibble House," the house that inspired the famous painting, American Gothic, is located in Eldon, Iowa.
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