Dover, DE, Home Insurance
Living in your own home in Delaware's state capital can present many challenges, but having Dover, DE, home insurance prepares you to meet them.
As the capital city of Delaware, Dover has many qualities that make it an attractive place to live. Its location next to Delaware Bay and the influence of the Atlantic Ocean and Chesapeake Bay makes the climate mild and pleasant for most of the year, though severe weather is still possible.
State taxes tend not to be burdensome, and the cost of living is generally low. Housing is affordable compared to other Delaware cities. with a median home value of $197,600.
Nevertheless, living in Dover does present its own challenges. Even though it's a college town, only about one-quarter of Dover residents have at least a bachelor's degree, though nearly 90% have at least a high school diploma. The crime rate tends to be high, and the unemployment rate in September 2023 was 4.5%. For these reasons, it is important to save money on adequate protection for your Dover, DE, home with the help of VIU by HUB.
Generally speaking, a home insurance policy covers you against events that can damage or destroy your home. Examples of occurrences that home insurance may cover include the following:
However, no home insurance policy covers everything. For example, Dover, DE, home insurance usually doesn't cover damage due to flooding. If you think you need protection from flooding for your home, you may have to purchase additional coverage.
When shopping for home insurance with the help of VIU by HUB, you should know the specific risks you face so you can be sure to get the right coverage.
The risk of wind damage to homes in Dover is severe. Dover's location along the Atlantic coast makes it susceptible to hurricanes. Over half of all homes in Dover, 64%, have at least some risk of wind damage. Compared to 30 years ago, Dover's annual maximum wind speeds are now higher, and if this trend continues, the risk of wind damage to homes can only increase.
The risk of wildfires in Dover is low, with only 8% of properties being at some risk. Nevertheless, that doesn't mean that house fires never happen. On the contrary, in 2021, there were 1,364 fires in Dover. July and September tied as the months with the most fires with 159 apiece.
Unfortunately, the rate of property crimes per 1,000 residents in Dover is a little more than twice what it is for Delaware as a whole. In a year, there are 37.01 thefts and 48 burglaries for every 1,000 residents in Dover. In a college town such as Dover, vandalism is also a cause for concern.
The average annual cost for home insurance in Dover is $887. This is considerably less than the national average and less than the overall statewide average for Delaware. However, compared to other individual cities, Dover has higher annual costs than Newark, Middletown or Wilmington.
It is vital that your Dover, DE, home insurance policy includes all the coverage you need to meet life's challenges. When you use the tool on VIU by HUB's website, you can pick out additional coverages you want to include. You'll receive multiple quotes from many insurance companies that include the coverage you want. This way, you can make a side-by-side comparison and choose the best price.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
