Iowa on the Brink a Homeowners Insurance Crisis?!

Is Iowa facing a homeowners insurance crisis? It seems everyone knows homeowners insurance can be expensive and difficult to obtain in states like Florida and California, but Iowa has its own homeowners insurance storm brewing. From rising homeowners insurance premiums, to reduced coverage, to some providers no longer writing new policies in the state , to some homeowners insurance providers dropping coverage for policy holders and leaving Iowa all together.

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[timcostanzo]

Thank goodness for the Omadome protecting Nebraska from many of these storms

[timcostanzo]

Insurance companies just want you to pay and pay premiums and never pay a claim

[blessingsoutlaw]

I live in a weather corridor in which a tornado has never hit. Do insurers take this into account?

[SymphoniasStories]

I hope it's not facing an insurance crisis! My husband and I have been considering moving to Iowa to be near family. But higher insurance on top of the high property taxes? Not happy about that.

[edennis]

My homeowners insurance went up about 8% since last year, with no claims. We had gutter damage when the derecho took down some big tree limbs, but our system was old and rusty anyway, so we just replaced everything with a new, updated system out of pocket. The gutters weren't new when we moved in 30 years ago, just to give you an idea. Our homeowners insurance premium is about 0.8% of the value of our house+garage. 0.7% if you include the value of the land. I live in Story County.

[SymphoniasStories]

Maybe it is time for insurance companies, banks, and builders to work together to change the kind of housing that is permitted to be built - like monolithic domes or concrete, and making sure it's safe from flooding and wind and fire...