Waverly, TN Insurance Guide — Local Risks & Coverage
Licensed insurance agent, BNW Services LLC · 40 years in trucking & the trades
Here's the local picture for insurance in Waverly, Tennessee — the real employers, geography, housing, and weather that shape your coverage, from a licensed local agent who shops 80+ carriers.
Insurance in Waverly: a local agent's take
Folks in Waverly know firsthand that our beautiful town, nestled near Trace Creek and the Buffalo River, comes with its share of challenges, especially when it comes to the weather. After the devastating August 2021 flood, it's clear that flood insurance isn't just a good idea here; it's a necessity for many of our 443 identified at-risk properties. Beyond the water, we're no stranger to severe storms, hail — with 83 radar detections and 10 on-the-ground reports — tornadoes, and heavy winds. For homeowners, whether you're in one of our newer homes built after 2014 or a more established residence with a median value of $171,700, robust dwelling coverage, specific wind/hail deductibles, and considering replacement cost policies are crucial to protect what you've built.
The Waverly economy & who needs coverage
Waverly has a strong mixed-based economy with abundant service, retail, and commercial businesses. (Source: https://www.waverlytn.org/)
Major employers & who's hiring in Waverly
- Ascension Saint Thomas Three Rivers — Healthcare (hiring)
- Humphreys County School System — Education (hiring)
- Tractor Supply Co. — Retail (Agricultural/Farm Supply) (hiring)
- Valley West Welding Co. — Metal Goods Manufacturing (hiring)
- Armstrong Motors — Farm Equipment Manufacturing (hiring)
Local businesses in Waverly
A few local businesses that make Waverly what it is — independent of our agency.
- Batson And Phillips INC Heat And Air — HVAC Contractor
- Electrical Contracting Services — Electrical Contractor
- Boaz Blessings — Tree Trimming
- Vaughn Contractors Inc. — Excavation Contractor
- Zwingle Lawn and Landscape — Lawn/Mowing
Local landmarks & geography
- Trace Creek — Significant flood risk due to historical catastrophic flooding events, most notably in August 2021 when it overflowed and caused widespread damage in the middle of town. Properties near the creek face high flood insurance premiums and potential for severe damage.
- Buffalo River — A local river that can contribute to regional flood risk, especially during heavy rainfall events. Properties in proximity may be subject to increased flood exposure.
- Downtown Waverly — Represents the historic commercial and residential center of the city. Older buildings may have higher replacement costs due to unique architectural features or require specialized contractors. Proximity to potential flood zones (like Trace Creek) also impacts property value and flood risk.
- Nashville State Community College - Waverly Campus — Presence of a college campus contributes to local infrastructure, traffic patterns, and potential for student housing or related commercial development. This can impact property values and local services, indirectly affecting insurance considerations like crime rates and property demand.
- U.S. Route 70 — A major highway passing through Waverly. Properties adjacent to or very near the highway may experience increased noise pollution, higher traffic exposure (increasing auto accident risk for nearby businesses/residences), and potentially higher commercial value due to accessibility. Construction or expansion projects could also affect property access and value.
- State Route 13 — Another key state highway intersecting U.S. Route 70 in Waverly. Similar to U.S. Route 70, its presence impacts traffic, noise, and commercial property values due to accessibility, and potential for increased vehicular incidents.
Housing stock in Waverly
The median housing value in Waverly, TN, is $171,700. Some housing units are newer, built in 2014 or later, suggesting a mix of housing ages. (Source: https://www.bestplaces.net/housing/city/tennessee/waverly)
Weather & flood risk in Waverly
Waverly, TN is susceptible to severe weather, particularly hail events, with 83 occasions of detected hail by Doppler radar and 10 on-the-ground reports. The broader Tennessee region, including Waverly, frequently experiences severe storms, tornadoes, and heavy winds, which account for a majority of the state's costly disasters.
Waverly, TN faces significant flood risk, as evidenced by the devastating flood event in August 2021 that caused multiple deaths and property damage. According to FloodFactor, 443 properties in the town have an identified flood risk, and FEMA also maps flood zones within the area.
Local facts that affect Waverly insurance
- In August 2021, Waverly, TN experienced devastating floods due to heavy rains, resulting in multiple deaths and significant property damage. — Directly addresses a major flood event in the town.
- According to FloodFactor, 443 properties in Waverly, Tennessee, have a flood risk, encompassing various property types including vacant land. — Quantifies the extent of flood risk for properties in the town.
- The Waverly, TN area has recorded 10 on-the-ground hail reports by trained spotters and has been under severe weather warnings 37 times in the past 12 months. — Provides specific data on hail events and severe weather warnings for the town.
- Doppler radar has detected hail at or near Waverly, TN on 83 occasions, with 11 of those occurring in the past year. — Further quantifies the frequency of hail events in the area using radar data.
- The population of Waverly, TN was 4,297 according to the 2020 Census. — Provides context for community size and potential insurance market, affecting personal and commercial lines.
- The homeownership rate in Waverly, TN is 69.2%. — Indicates a significant portion of residents are homeowners, highlighting the importance of homeowner's insurance in the local market.
Get covered in Waverly
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Sources: censusreporter.org · wsws.org · floodfactor.com · interactivehailmaps.com · data.census.gov · datausa.io · indeed.com · indeed.com · tractorsupply.careers · machinelist.us · farmranch.org · en.wikipedia.org · visitwaverlytn.com · waverlytn.org · h-o-m-e.org