Delaware Home Insurance

No one would be surprised to hear that the people of Delaware, proud to call the nation’s first state, home, place a great value on protecting their own homes, families and financial well-being. That’s why The Simple Dollar has taken the time to put together homeowners insurance info specific to Delaware residents. Read on to learn more about stats, regulations, rules, data, and local resources to assist you with your home insurance in Delaware.

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Stats in Your State

To compare different home insurance rates in Delaware, read through the charts and graphs below to see where your homeowners rates compare with the rest of the region and the U.S. average. You’ll also find useful data that affects the price of homeowners insurance in Delaware.

Homeowner Insurance Premiums

Delaware home insurance premiums between 2000 and 2008 were roughly $180 to $250 less than the national average.

Renter Insurance Premiums

Renters insurance in Delaware has similarly been well below the national average on a yearly basis from 2000 to 2008.

Existing Home Sales

The housing market in Delaware climbed during the first half of the decade, but plummeted along with the rest of the country following the housing market decline starting in 2006.

Flood Insurance in Region

Compared with its neighboring states, Delaware has had relatively few flood claims, with $5,307,000 in damages and 277 claimants in 2011-2012.

Homes Built

Delaware’s average home age is very even across the board, with no significant decade of growth overshadowing another through the state’s past one hundred years.

Rules in Your State

To stay on top of your policy, it pays to know how the rules governing the ownership of homes in your state work, and then how those rules are enforced. These links will take you to particular sections of the Delaware state codes that deal with home insurance.

Prohibited Unfair Claim Settlement Practices

Source: Delaware Regulations: Administrative Code, Title 18: Insurance, Section 900: Section 900 of the Delaware Code outlines specific unfair claims settlement practices which insurers must not use when handling claims.

Unfair Practices in the Insurance Business

Source: Delaware Code, Title 18: Insurance, Chapter 23: This section outlines unfair prohibited business practices such as methods of advertising, representation of policy provisions, sharing of dividends, and others.

Homeowners Insurance

Source: Delaware Regulations: Administrative Code, Title 18: Insurance, Section 700: This section of the Delaware Code describes the stipulations homeowners insurance in Delaware must adhere to, including how a given policy must be written in the state.

Representatives & Resources in Your State

Taking advantage of all your resources is the best strategy to making the most of your homeowners insurance policy. Use the links below so you can determine who in the Delaware government can help you out, whether it's at the state or local level.

Delaware Department of Insurance
841 Silver Lake Blvd.

Dover, DE 19904
(302) 674-7300
Contact Info Page
Get Directions
Consumer Complaint Resource
If you’ve been treated unfairly by an insurance company, use the consumer complaint resource with the Department of Insurance to file a complaint against an insurer.
Delaware Department of Insurance Consumer Guides
The Department of Insurance has put together guides for consumers to educate themselves on how the different types of insurance work in Delaware.

Disaster Relief and Claims
FEMA Region 3 Contact Information
Delaware’s position on the Atlantic seaboard has made it regular territory for the Federal Emergency Management Administration (FEMA) since Hurricane Sandy. Between hurricanes and flooding, Delaware residents have a number of natural disasters to handle. The above link provides contact information for the regional FEMA offices.