Delaware Homeowners Insurance

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  • Delaware Homeowners Insurance

The first of the original 13 colonies of the United States, Delaware has been paving a way into the record books for years. Delaware homeowners insurance can add another feat for being one of the most affordable in the entire country.

The average cost of homeowners insurance in Delaware is just under $800 per year, and the easiest way to secure a policy at that low price is to get a quote from Clovered’s multi-rater quoting engine!

Whether you’re Dover, Wilmington, Middletown or another wonderful town in The First State, simply enter your information into our online engine to get paired with multiple homeowners insurance quotes in Delaware from the state’s best companies.

You’ll be paired with a few different quotes from multiple Delaware homeowners insurance companies at prices ranging from some of the cheapest in the state.

What’s Covered With a Delaware Homeowners Insurance Policy?

Homeowners insurance in Delaware covers the structure of your house, your personal belongings and much more, including unexpected incidents that could occur on your property. While you get to choose the amount of coverage you enroll in, the following six coverages come standard in every homeowners insurance policy.

Coverage A: Dwelling

This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B: Other Structures

Structures on your property that aren’t connected to your househouse fall under this coverage. It includes things like fences, sheds and even satellite dishes. Coverage for these structures is typically up to 10% of the policy’s dwelling maximum.

Coverage C: Personal Belongings

Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can pay to replace things like furniture, electronics, clothes and even items kept on the property, like lawnmowers.

Coverage D: Loss of Use

Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E: Personal Liability

This coverage can provide financial protection for accidents that occur on the policyholder’s property, damage to other people’s property and dog bites. It can help pay for medical expenses, legal fees and property damage if the policyholder is deemed liable.

Coverage F: Medical Payments

Similar to personal liability, medical payments to others covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.

Which Perils Are Covered by Delaware Homeowners Insurance?

Since Delaware spans the Atlantic coastline, it faces some serious threats from Mother Nature, such as hurricanes, brutal hailstorms and even tornadoes. Having the right Delaware home insurance policy in place can help protect your home, belongings and family from the following covered perils the state may throw your way.

10 Named Perils Under HO-1:

  1. Vandalism
  2. Theft
  3. Damage caused by vehicles
  4. Damage caused by aircraft
  5. Rioting or civil disturbances
  6. Smoke damage
  7. Fire or lightning
  8. Windstorm or hail, such as a hurricane or tornado
  9. Explosions
  10. Volcanic eruptions

16 Named Perils Under HO-2:

  • (All 10 named perils under HO-1, plus the following)

  1. Frozen pipes
  2. Falling objects
  3. Damage caused by heating, air conditioning or plumbing
  4. Damage due to snow, ice or sleet
  5. Damage from water heater, including cracks, burns or tears
  6. Damage from electrical currents, such as downed powerlines

What’s the Average Cost of Homeowners Insurance in Delaware?

Even though Delaware is susceptible to hurricanes and other natural disasters, its smaller size seems to fend off most natural disasters that come its way. Since this occurs, the average cost of homeowners insurance in Delaware is just under $800 per year.

Delaware home insurance coverage is well below the national average, so it packs a big bang for the buck, insuring your home to its value, providing you with at least $100,000 in liability coverage and up to 20 percent of your home’s value in loss of use coverage.

  • Average Cost of Homeowners Insurance in Delaware: $800 per year

How to Get the Best Cheap Homeowners Insurance in Delaware

Getting a home insurance quote is quick, easy and hassle-free with Clovered’s online quoting tool. To get cheap homeowners insurance in Delaware, simply input your home’s information to get paired multiple quotes from multiple carriers on a single page to get the policy you need at the price you want.

Want more or less coverage? It’s easy to adjust your coverage amounts so that you get a policy within your budget.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.