Davenport May Buy Additional Flood Insurance
Following last year's record flooding, and the potential for more this year, the city of Davenport may buy some extra insurance. Wednesday night the city council will consider buying additional policies for Union Station, the Freight House, and Modern Woodmen Park.
City Administrator Corri Spiegel says the extra policies will provide an additional one million dollars of coverage for each of the three, and cost the city a total of 60,000 dollars.
"So, given the current condition of the insurance industry and some of the devastation Iowa saw last year, it's actually the best we can get at the time."
All three are located in a high impact area of downtown for flooding, between River Drive and the Mississippi River. And current coverage offered by the National Flood Insurance Program would only cover each of the three facilities for 500,000 dollars.