Form N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-09475         

        Nuveen Insured Dividend Advantage Municipal Fund         
(Exact name of registrant as specified in charter)

Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         

(Address of principal executive offices) (Zip code)


Kevin J. McCarthy Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         

(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:            10/31          

Date of reporting period:         7/31/09         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

  Portfolio of Investments (Unaudited)       
  Nuveen Insured Dividend Advantage Municipal Fund (NVG)       
July 31, 2009
 
 
 
Principal    Optional Call     
Amount (000)  Description (1)  Provisions (2)  Ratings (3)  Value 
  Municipal Bonds – 152.9% (99.8% of Total Investments)       
  Alabama – 2.0% (1.3% of Total Investments)       
$           5,310  Athens, Alabama, Water and Sewerage Revenue Warrants, Series 2002, 5.300%, 5/01/32 –  5/12 at 101.00  A+  $    5,316,691 
   MBIA Insured       
3,045  Hoover, Alabama, General Obligation Bonds, Series 2003, 5.000%, 3/01/20 – MBIA Insured  3/12 at 101.00  AA+  3,240,032 
8,355  Total Alabama      8,556,723 
  Alaska – 4.0% (2.6% of Total Investments)       
15,000  Alaska, International Airport System Revenue Bonds, Series 2002B, 5.250%, 10/01/27  10/12 at 100.00  Aa3 (4)  16,904,400 
   (Pre-refunded 10/01/12) – AMBAC Insured       
  Arizona – 2.1% (1.4% of Total Investments)       
5,000  Phoenix, Arizona, Civic Improvement Corporation, Senior Lien Airport Revenue Bonds, Series  7/12 at 100.00  AA–  4,501,550 
   2002B, 5.250%, 7/01/32 – FGIC Insured (Alternative Minimum Tax)       
6,000  Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 0.000%, 7/01/37 –  No Opt. Call  AA  4,593,840 
   FGIC Insured       
11,000  Total Arizona      9,095,390 
  California – 15.0% (9.8% of Total Investments)       
2,000  Alameda Corridor Transportation Authority, California, Subordinate Lien Revenue Bonds, Series  No Opt. Call  A–  899,040 
   2004A, 0.000%, 10/01/20 – AMBAC Insured       
  California Educational Facilities Authority, Revenue Bonds, Occidental College, Series 2005A:       
1,485   5.000%, 10/01/26 – MBIA Insured  10/15 at 100.00  Aa3  1,503,756 
1,565   5.000%, 10/01/27 – MBIA Insured  10/15 at 100.00  Aa3  1,576,456 
  California, General Obligation Bonds, Series 2000:       
375   5.250%, 9/01/17 (Pre-refunded 9/01/10) – MBIA Insured  9/10 at 100.00  A (4)  393,289 
190   5.250%, 9/01/17 (Pre-refunded 9/01/10) – MBIA Insured  9/10 at 100.00  A (4)  199,584 
8,890  California, General Obligation Veterans Welfare Bonds, Series 1997BH, 5.400%, 12/01/14  12/09 at 100.00  AA–  8,914,536 
   (Alternative Minimum Tax)       
3,000  California, General Obligation Veterans Welfare Bonds, Series 2001BZ, 5.375%, 12/01/24 – MBIA  12/09 at 100.00  AA–  2,865,540 
   Insured (Alternative Minimum Tax)       
2,425  Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005,  9/15 at 100.00  A–  2,111,108 
   5.000%, 9/01/27 – AMBAC Insured       
  Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement       
  Asset-Backed Bonds, Series 2007A-1:       
1,000   5.750%, 6/01/47  6/17 at 100.00  BBB  600,150 
365   5.125%, 6/01/47  6/17 at 100.00  BBB  197,370 
18,665  Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed  6/15 at 100.00  A–  15,546,265 
   Revenue Bonds, Series 2005A, 5.000%, 6/01/35 – FGIC Insured       
1,990  Kern Community College District, California, General Obligation Bonds, Series 2006, 0.000%,  No Opt. Call  AAA  738,748 
   11/01/25 – FSA Insured       
7,935  Los Angeles, California, Certificates of Participation, Series 2002, 5.300%, 4/01/32 –  4/12 at 100.00  AA–  7,961,741 
   AMBAC Insured       
2,220  Northern California Power Agency, Revenue Refunding Bonds, Hydroelectric Project 1, Series  7/10 at 100.00  A2  2,128,136 
   1998A, 5.200%, 7/01/32 – MBIA Insured       
  Oceanside Unified School District, San Diego County, California, General Obligation Bonds,       
  Series 2008A and 2008B:       
5,905   0.000%, 8/01/26 – AGC Insured  No Opt. Call  AAA  2,143,751 
2,220   0.000%, 8/01/28 – AGC Insured  No Opt. Call  AAA  690,753 
2,600  Palomar Pomerado Health General Obligation Bonds, California, Election of 2004, Series 2009A,  8/29 at 100.00  AAA  1,497,730 
   0.000%, 8/01/38 – AGC Insured       
2,320  Sacramento Municipal Utility District, California, Electric Revenue Bonds, Series 2001P,  8/11 at 100.00  AAA  2,387,280 
   5.250%, 8/15/18 – FSA Insured       
  San Francisco Unified School District, California, General Obligation Bonds, Series 2007A:       
1,000   3.000%, 6/15/25 – FSA Insured  6/17 at 100.00  AAA  785,150 
1,180   3.000%, 6/15/26 – FSA Insured  6/17 at 100.00  AAA  899,349 
6,720  San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment  8/17 at 100.00  4,782,288 
   Project, Series 2006C, 4.250%, 8/01/30 – MBIA Insured       
4,275  Sequoia Union High School District, San Mateo County, California, General Obligation Bonds,  7/14 at 102.00  Aa2  3,205,780 
   Series 2006, 3.500%, 7/01/29 – FSA Insured       
1,690  Ventura County Community College District, California, General Obligation Bonds, Series 2005B,  8/15 at 100.00  AA  1,693,465 
   5.000%, 8/01/28 – MBIA Insured       
80,015  Total California      63,721,265 
  Colorado – 5.4% (3.5% of Total Investments)       
17,300  Adams County, Colorado, FHA-Insured Mortgage Revenue Bonds, Platte Valley Medical Center,  8/15 at 100.00  17,102,261 
   Series 2005, 5.000%, 8/01/24 – MBIA Insured       
750  Arkansas River Power Authority, Colorado, Power Revenue Bonds, Series 2006, 5.250%, 10/01/32 –  10/16 at 100.00  BBB  619,065 
   SYNCORA GTY Insured       
17,000  E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/25 –  No Opt. Call  5,475,190 
   NPFG Insured       
35,050  Total Colorado      23,196,516 
  District of Columbia – 1.5% (1.0% of Total Investments)       
6,805  District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 4.500%, 4/01/42 –  4/17 at 100.00  A–  5,679,045 
   AMBAC Insured       
935  Washington Convention Center Authority, District of Columbia, Senior Lien Dedicated Tax  10/16 at 100.00  AAA  799,088 
   Revenue Bonds, Series 2007, Residuals 1606, 11.216%, 10/01/30 – AMBAC Insured (IF)       
7,740  Total District of Columbia      6,478,133 
  Florida – 11.8% (7.7% of Total Investments)       
  Florida Municipal Loan Council, Revenue Bonds, Series 2003B:       
2,305   5.250%, 12/01/17 – MBIA Insured  12/13 at 100.00  2,383,232 
1,480   5.250%, 12/01/18 – MBIA Insured  12/13 at 100.00  1,515,505 
11,600  Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002B,  10/12 at 100.00  AAA  11,406,512 
   5.125%, 10/01/21 – FSA Insured (Alternative Minimum Tax)       
8,155  Lee County, Florida, Solid Waste System Revenue Refunding Bonds, Series 2001, 5.625%,  10/11 at 100.00  A3  8,389,701 
   10/01/13 – MBIA Insured (Alternative Minimum Tax)       
  Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002:       
7,165   5.625%, 10/01/15 – FGIC Insured (Alternative Minimum Tax)  10/12 at 100.00  7,336,244 
5,600   5.750%, 10/01/16 – FGIC Insured (Alternative Minimum Tax)  10/12 at 100.00  5,709,648 
10,000   5.125%, 10/01/21 – FGIC Insured (Alternative Minimum Tax)  10/12 at 100.00  9,546,000 
2,000   5.250%, 10/01/22 – FGIC Insured (Alternative Minimum Tax)  10/12 at 100.00  1,919,960 
1,000  South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System  8/17 at 100.00  AA–  897,710 
   Obligation Group, Series 2007, 5.000%, 8/15/42 (UB)       
1,000  Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/28 – MBIA Insured  10/15 at 100.00  AA–  998,710 
50,305  Total Florida      50,103,222 
  Georgia – 2.3% (1.5% of Total Investments)       
6,925  Atlanta and Fulton County Recreation Authority, Georgia, Guaranteed Revenue Bonds, Park  12/15 at 100.00  A1  7,014,540 
   Improvement, Series 2005A, 5.000%, 12/01/30 – MBIA Insured       
1,000  Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004, 5.000%, 11/01/22 –  11/14 at 100.00  AAA  1,014,210 
   FSA Insured       
1,695  Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2002B-2, 5.500%,  12/11 at 100.00  AAA  1,686,135 
   6/01/32 (Alternative Minimum Tax)       
9,620  Total Georgia      9,714,885 
  Idaho – 1.0% (0.7% of Total Investments)       
  Idaho Housing and Finance Association, Grant and Revenue Anticipation Bonds, Federal Highway       
  Trust Funds, Series 2006:       
3,000   5.000%, 7/15/23 – MBIA Insured  7/16 at 100.00  Aa3  3,125,760 
1,130   5.000%, 7/15/24 – MBIA Insured  7/16 at 100.00  Aa3  1,173,584 
4,130  Total Idaho      4,299,344 
  Illinois – 11.4% (7.4% of Total Investments)       
10,000  Bolingbrook, Illinois, General Obligation Bonds, Series 2002A, 5.375%, 1/01/38 (Pre-refunded  1/12 at 100.00  A2 (4)  11,058,400 
   1/01/12) – FGIC Insured       
1,305  Chicago, Illinois, General Obligation Bonds, Series 2001A, 5.500%, 1/01/38 – MBIA Insured  1/11 at 101.00  AA  1,315,192 
  Chicago, Illinois, General Obligation Bonds, Series 2001A:       
50   5.500%, 1/01/38 (Pre-refunded 1/01/11) – MBIA Insured  1/11 at 101.00  AA– (4)  53,898 
3,645   5.500%, 1/01/38 (Pre-refunded 1/01/11) – MBIA Insured  1/11 at 101.00  AA– (4)  3,929,164 
  Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International       
  Airport, Series 2001C:       
4,250   5.500%, 1/01/16 – AMBAC Insured (Alternative Minimum Tax)  1/11 at 101.00  A1  4,298,578 
4,485   5.500%, 1/01/17 – AMBAC Insured (Alternative Minimum Tax)  1/11 at 101.00  A1  4,515,991 
4,730   5.500%, 1/01/18 – AMBAC Insured (Alternative Minimum Tax)  1/11 at 101.00  A1  4,741,399 
2,930   5.500%, 1/01/19 – AMBAC Insured (Alternative Minimum Tax)  1/11 at 101.00  A1  2,933,780 
3,600  Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,  1/16 at 100.00  A1  3,666,528 
   Series 2005A, 5.250%, 1/01/24 – MBIA Insured       
3,000  Chicago, Illinois, Third Lien General Airport Revenue Refunding Bonds, O’Hare International  1/12 at 100.00  A1  3,037,560 
   Airport, Series 2002A, 5.750%, 1/01/17 – MBIA Insured (Alternative Minimum Tax)       
4,000  Cicero, Cook County, Illinois, General Obligation Corporate Purpose Bonds, Series 2002,  12/12 at 101.00  3,726,200 
   5.000%, 12/01/21 – MBIA Insured       
480  DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,  10/13 at 100.00  Aa3  522,379 
   Series 2003C, 5.250%, 10/01/22 – FSA Insured       
  DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,       
  Series 2003C:       
770   5.250%, 10/01/22 (Pre-refunded 10/01/13) – FSA Insured  10/13 at 100.00  Aa3 (4)  885,354 
250   5.250%, 10/01/22 (Pre-refunded 10/01/13) – FSA Insured  10/13 at 100.00  Aa3 (4)  287,453 
3,500  Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Series 2007A, 5.000%,  2/17 at 100.00  A+  3,344,670 
   2/01/35 – FGIC Insured       
46,995  Total Illinois      48,316,546 
  Indiana – 17.7% (11.5% of Total Investments)       
3,380  Evansville, Indiana, Sewerage Works Revenue Refunding Bonds, Series 2003A, 5.000%, 7/01/20 –  7/13 at 100.00  N/R  3,396,562 
   AMBAC Insured       
  Indiana Bond Bank, Special Program Bonds, Hendricks County Redevelopment District,       
  Series 2002D:       
2,500   5.375%, 4/01/23 (Pre-refunded 4/01/12) – AMBAC Insured  4/12 at 100.00  AA (4)  2,787,425 
7,075   5.250%, 4/01/26 (Pre-refunded 4/01/12) – AMBAC Insured  4/12 at 100.00  AA (4)  7,865,207 
7,000   5.250%, 4/01/30 (Pre-refunded 4/01/12) – AMBAC Insured  4/12 at 100.00  AA (4)  7,781,830 
10,000  Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Marion General Hospital,  7/12 at 100.00  A+  8,691,500 
   Series 2002, 5.250%, 7/01/32 – AMBAC Insured       
3,200  Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%, 1/01/42 –  1/17 at 100.00  A+  3,042,464 
   MBIA Insured       
4,000  Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A,  1/19 at 100.00  AAA  3,849,760 
   5.500%, 1/01/38 (WI/DD, Settling 8/06/09) – AGC Insured       
25,000  Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A,  7/12 at 100.00  AAA  28,050,247 
   5.250%, 7/01/33 (Pre-refunded 7/01/12) – MBIA Insured       
  Northern Wells Community School Building Corporation, Wells County, Indiana, First Mortgage       
  Bonds, Series 2001:       
420   5.250%, 1/15/19 (Pre-refunded 7/15/12) – FGIC Insured  7/12 at 100.00  AA+ (4)  472,315 
430   5.250%, 7/15/19 (Pre-refunded 7/15/12) – FGIC Insured  7/12 at 100.00  AA+ (4)  483,561 
1,675   5.400%, 7/15/23 (Pre-refunded 7/15/12) – FGIC Insured  7/12 at 100.00  AA+ (4)  1,890,941 
6,960  Valparaiso Middle School Building Corporation, Indiana, First Mortgage Refunding Bonds, Series  1/13 at 100.00  AA+  7,136,297 
   2002, 5.000%, 7/15/24 – MBIA Insured       
71,640  Total Indiana      75,448,109 
  Kentucky – 0.6% (0.4% of Total Investments)       
2,415  Kentucky State Property and Buildings Commission, Revenue Bonds, Project 93, Refunding Series  2/19 at 100.00  AAA  2,709,050 
   2009, 5.250%, 2/01/20 – AGC Insured       
  Louisiana – 3.0% (1.9% of Total Investments)       
1,325  Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series  7/14 at 100.00  1,344,411 
   2004, 5.250%, 7/01/24 – MBIA Insured       
  Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006:       
770   4.750%, 5/01/39 – FSA Insured (UB)  5/16 at 100.00  AAA  753,137 
8,270   4.500%, 5/01/41 – FGIC Insured (UB)  5/16 at 100.00  AA  7,460,781 
Louisiana State, Gasoline Tax Revenue Bonds, Series 2006, Residuals 660-3, 15.862%, 5/01/41 –  5/16 at 100.00  AA  2,032 
   FGIC Insured (IF)       
3,085  New Orleans, Louisiana, General Obligation Refunding Bonds, Series 2002, 5.125%, 9/01/21 –  9/12 at 100.00  3,087,283 
   MBIA Insured       
13,453  Total Louisiana      12,647,644 
  Massachusetts – 0.6% (0.4% of Total Investments)       
2,775  Massachusetts Water Resources Authority, General Revenue Bonds, 4.500%, 8/01/46 –  2/17 at 100.00  AAA  2,437,643 
   FSA Insured (UB)       
  Michigan – 0.3% (0.2% of Total Investments)       
1,500  Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series  12/16 at 100.00  Aa2  1,449,000 
   2006A, 5.000%, 12/01/31 (UB)       
  Minnesota – 0.5% (0.3% of Total Investments)       
2,000  Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Refunding Series  No Opt. Call  AAA  2,189,140 
   2009A, 5.000%, 1/01/15 – AGC Insured       
  Missouri – 0.4% (0.3% of Total Investments)       
1,600  St. Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Series  3/14 at 100.00  AAA  1,784,608 
   2004, 5.250%, 3/01/19 – FSA Insured       
  Nebraska – 2.0% (1.3% of Total Investments)       
6,360  Lincoln, Nebraska, Electric System Revenue Bonds, Series 2005, 5.000%, 9/01/32  9/15 at 100.00  AA  6,396,188 
  Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Series 2003A:       
1,000   5.250%, 4/01/20 – FSA Insured  4/13 at 100.00  AAA  1,071,780 
1,000   5.250%, 4/01/21 – FSA Insured  4/13 at 100.00  AAA  1,041,730 
8,360  Total Nebraska      8,509,698 
  New Jersey – 0.5% (0.4% of Total Investments)       
2,150  New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006A,  No Opt. Call  AA–  2,324,838 
   5.250%, 12/15/20       
  New York – 6.1% (3.9% of Total Investments)       
1,120  Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  2/15 at 100.00  1,131,794 
   Hospital, Series 2004, 5.000%, 8/01/23 – FGIC Insured       
3,660  Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities  2/15 at 100.00  AA–  3,730,784 
   Improvements, Series 2005B, 5.000%, 2/15/23 – AMBAC Insured       
3,335  Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Tender  2/19 at 100.00  AAA  3,323,161 
   Option Bond Trust 3518, 13.206%, 2/15/39 (IF)       
3,130  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,  2/17 at 100.00  2,498,867 
   2/15/47 – MBIA Insured       
2,400  Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2006F, 4.250%,  11/16 at 100.00  1,962,384 
   5/01/33 – MBIA Insured       
1,500  Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005B,  11/15 at 100.00  1,482,465 
   5.000%, 11/15/30 – AMBAC Insured       
10,000  Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,  11/12 at 100.00  AAA  10,041,400 
   Series 2002A, 5.000%, 11/15/30 – FSA Insured       
1,435  New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project  3/19 at 100.00  AAA  1,618,106 
   Pilot, Series 2009A, 7.000%, 3/01/49 – AGC Insured       
26,580  Total New York      25,788,961 
  North Carolina – 0.6% (0.4% of Total Investments)       
2,125  North Carolina Medical Care Commission, FHA-Insured Mortgage Revenue Bonds, Betsy Johnson  10/13 at 100.00  AAA  2,152,880 
   Regional Hospital Project, Series 2003, 5.375%, 10/01/24 – FSA Insured       
540  Oak Island, North Carolina, Enterprise System Revenue Bonds, Series 2009A, 6.000%, 6/01/34 –  6/19 at 100.00  AAA  560,455 
   AGC Insured       
2,665  Total North Carolina      2,713,335 
  Ohio – 0.4% (0.3% of Total Investments)       
  Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue       
  Bonds, Senior Lien, Series 2007A-2:       
65   5.125%, 6/01/24  6/17 at 100.00  BBB  53,544 
710   5.875%, 6/01/30  6/17 at 100.00  BBB  500,209 
685   5.750%, 6/01/34  6/17 at 100.00  BBB  442,859 
1,570   5.875%, 6/01/47  6/17 at 100.00  BBB  901,384 
3,030  Total Ohio      1,897,996 
  Oklahoma – 0.4% (0.3% of Total Investments)       
2,000  Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,  2/17 at 100.00  1,763,780 
   5.000%, 2/15/37       
  Oregon – 2.3% (1.5% of Total Investments)       
3,000  Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Series 2009A.,  5/19 at 100.00  AAA  3,076,860 
   5.000%, 11/15/33       
  Oregon, General Obligation Veterans Welfare Bonds, Series 82:       
4,530   5.375%, 12/01/31  12/11 at 100.00  AA  4,538,969 
2,115   5.500%, 12/01/42  12/11 at 100.00  AA  2,124,919 
9,645  Total Oregon      9,740,748 
  Pennsylvania – 4.5% (2.9% of Total Investments)       
4,500  Allegheny County, Pennsylvania, Airport Revenue Refunding Bonds, Pittsburgh International  No Opt. Call  4,725,540 
   Airport, Series 1997A, 5.750%, 1/01/13 – MBIA Insured (Alternative Minimum Tax)       
4,130  Pennsylvania Public School Building Authority, Lease Revenue Bonds, School District of  12/16 at 100.00  AAA  3,720,428 
   Philadelphia, Series 2006B, 4.500%, 6/01/32 – FSA Insured (UB)       
1,050  Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2006A, 5.000%, 12/01/26 –  6/16 at 100.00  Aa3  1,075,557 
   AMBAC Insured       
6,000  Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%,  6/26 at 100.00  AAA  4,086,480 
   6/01/33 – FSA Insured       
2,000  Philadelphia Municipal Authority, Pennsylvania, Lease Revenue Bonds, Series 2003B, 5.250%,  11/13 at 100.00  AAA  2,150,540 
   11/15/18 – FSA Insured       
2,000  Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2005,  1/16 at 100.00  AAA  2,173,900 
   5.000%, 1/15/19 – FSA Insured (UB)       
1,000  State Public School Building Authority, Pennsylvania, Lease Revenue Bonds, Philadelphia School  6/13 at 100.00  AAA  1,138,510 
   District, Series 2003, 5.000%, 6/01/23 (Pre-refunded 6/01/13) – FSA Insured       
20,680  Total Pennsylvania      19,070,955 
  Puerto Rico – 0.4% (0.3% of Total Investments)       
1,225  Puerto Rico Municipal Finance Agency, Series 2005C, 5.250%, 8/01/21 – CIFG Insured  No Opt. Call  BBB–  1,191,239 
5,000  Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,  No Opt. Call  AA–  601,050 
   8/01/42 – FGIC Insured       
6,225  Total Puerto Rico      1,792,289 
  South Carolina – 1.5% (1.0% of Total Investments)       
1,950  Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series  12/16 at 100.00  AAA  1,994,304 
   2006, 5.000%, 12/01/28 – FSA Insured       
  Greenville, South Carolina, Tax Increment Revenue Improvement Bonds, Series 2003:       
1,000   5.500%, 4/01/17 – MBIA Insured  4/13 at 100.00  1,106,410 
2,300   5.000%, 4/01/21 – MBIA Insured  4/13 at 100.00  2,365,734 
1,000  Scago Educational Facilities Corporation, South Carolina, Installment Purchase Revenue Bonds,  10/15 at 100.00  AAA  1,059,890 
   Spartanburg County School District 5, Series 2005, 5.000%, 4/01/21 – FSA Insured       
6,250  Total South Carolina      6,526,338 
  Tennessee – 10.5% (6.9% of Total Investments)       
  Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Series 2004:       
1,495   5.000%, 10/01/19 – FSA Insured  10/14 at 100.00  AAA  1,618,442 
1,455   5.000%, 10/01/20 – FSA Insured  10/14 at 100.00  AAA  1,558,625 
1,955   5.000%, 10/01/21 – FSA Insured  10/14 at 100.00  AAA  2,076,836 
10,000  Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002A,  11/12 at 100.00  AA– (4)  11,314,000 
   5.125%, 11/01/28 (Pre-refunded 11/01/12) – AMBAC Insured       
10,000  Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Series 2002B,  11/12 at 100.00  AA– (4)  11,314,000 
   5.125%, 11/01/29 (Pre-refunded 11/01/12) – AMBAC Insured       
15,195  Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds,  5/12 at 100.00  AAA  16,963,242 
   Series 2002A, 5.250%, 5/01/32 (Pre-refunded 5/01/12) – FSA Insured       
40,100  Total Tennessee      44,845,145 
  Texas – 24.0% (15.6% of Total Investments)       
3,500  Dallas-Ft. Worth International Airport, Texas, Joint Revenue Refunding and Improvement Bonds,  11/11 at 100.00  A+  3,690,505 
   Series 2001A, 5.750%, 11/01/13 – FGIC Insured (Alternative Minimum Tax)       
10,000  Gainesville Hospital District, Texas, Limited Tax General Obligation Bonds, Series 2002,  8/11 at 100.00  A3 (4)  10,894,800 
   5.375%, 8/15/32 (Pre-refunded 8/15/11) – MBIA Insured       
1,210  Galveston, Texas, General Obligation Bonds, Series 2001, 5.250%, 5/01/21 – AMBAC Insured  5/11 at 100.00  1,252,035 
  Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds,       
  TECO Project, Series 2003:       
2,240   5.000%, 11/15/16 – MBIA Insured  11/13 at 100.00  AA  2,353,926 
2,355   5.000%, 11/15/17 – MBIA Insured  11/13 at 100.00  AA  2,446,350 
4,080  Harris County, Texas, General Obligtion Toll Road Revenue Bonds, Series 2009, Trust 3418,  No Opt. Call  AAA  5,129,784 
   13.271%, 8/15/32 – FSA Insured (IF)       
13,000  Houston Area Water Corporation, Texas, Contract Revenue Bonds, Northeast Water Purification  3/12 at 100.00  N/R (4)  14,295,710 
   Plant, Series 2002, 5.125%, 3/01/32 (Pre-refunded 3/01/12) – FGIC Insured       
1,000  Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%,  5/14 at 100.00  AA  1,036,710 
   5/15/24 – FGIC Insured       
4,345  San Antonio, Texas, Water System Senior Lien Revenue Refunding Bonds, Series 2002, 5.500%,  5/12 at 100.00  AAA  4,746,087 
   5/15/17 – FSA Insured       
5,475  Texas Department of Housing and Community Affairs, Residential Mortgage Revenue Bonds, Series  7/11 at 100.00  AAA  5,070,890 
   2001A, 5.350%, 7/01/33 (Alternative Minimum Tax)       
8,270  Texas Department of Housing and Community Affairs, Single Family Mortgage Bonds, Series 2002B,  3/12 at 100.00  AAA  8,247,754 
   5.550%, 9/01/33 – MBIA Insured (Alternative Minimum Tax)       
  Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System,       
  Series 2002:       
3,520   5.125%, 11/01/20 – MBIA Insured  5/12 at 100.00  Baa1  3,129,843 
3,520   5.125%, 11/01/21 – MBIA Insured  5/12 at 100.00  Baa1  3,096,157 
  Texas Student Housing Authority, Revenue Bonds, Austin Project, Senior Series 2001A:       
9,400   5.375%, 1/01/23 – MBIA Insured  1/12 at 102.00  Baa1  6,476,130 
11,665   5.500%, 1/01/33 – MBIA Insured  1/12 at 102.00  Baa1  7,097,453 
5,000  Texas Water Development Board, Senior Lien State Revolving Fund Revenue Bonds, Series 1999B,  1/10 at 100.00  AAA  5,084,000 
   5.250%, 7/15/17       
9,145  Texas, General Obligation Bonds, Veterans Housing Assistance Program Fund II, Series 2002A,  6/12 at 100.00  Aa1  9,173,624 
   5.250%, 12/01/22 (Alternative Minimum Tax) (UB)       
  Williamson County, Texas, General Obligation Bonds, Series 2002:       
3,000   5.250%, 2/15/22 (Pre-refunded 2/15/12) – FSA Insured  2/12 at 100.00  AAA  3,324,420 
5,000   5.250%, 2/15/25 (Pre-refunded 2/15/12) – FSA Insured  2/12 at 100.00  AAA  5,540,700 
105,725  Total Texas      102,086,878 
  Utah – 1.2% (0.8% of Total Investments)       
4,865  Utah Transit Authority, Sales Tax Revenue Bonds, Series 2008, Trust 1193, 12.970%, 6/15/36 –  6/18 at 100.00  AAA  5,062,568 
   FSA Insured (IF)       
  Washington – 15.8% (10.3% of Total Investments)       
5,385  Energy Northwest, Washington Public Power, Nine Canyon Wind Project Revenue Bonds, Series  7/16 at 100.00  A–  4,806,543 
   2006A, 4.500%, 7/01/30 – AMBAC Insured       
6,600  Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –  7/12 at 100.00  AAA  7,107,474 
   Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 – FSA Insured       
7,675  Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series  7/12 at 100.00  Aaa  8,410,495 
   2002A, 5.500%, 7/01/15 – MBIA Insured       
2,500  Port of Seattle, Washington, Revenue Refunding Bonds, Series 2002D, 5.750%, 11/01/15 – FGIC  11/12 at 100.00  Aa2  2,606,900 
   Insured (Alternative Minimum Tax)       
2,200  Snohomish County School District 2, Everett, Washington, General Obligation Bonds, Series  12/13 at 100.00  AAA  2,454,078 
   2003B, 5.000%, 6/01/17 – FSA Insured       
3,255  Thurston and Pierce Counties School District, Washington, General Obligation Bonds, Yelm  6/13 at 100.00  Aa1  3,594,464 
   Community Schools, Series 2003, 5.250%, 12/01/16 – FSA Insured       
10,000  University of Washington, General Revenue Bonds, Series 2007, 5.000%, 6/01/37 –  6/17 at 100.00  AA+  9,954,600 
   AMBAC Insured (UB)       
  Washington State Economic Development Finance Authority, Wastewater Revenue Bonds, LOTT       
  Project, Series 2002:       
2,000   5.500%, 6/01/17 – AMBAC Insured  6/12 at 100.00  A2  2,187,080 
4,325   5.125%, 6/01/22 – AMBAC Insured  6/12 at 100.00  A2  4,343,338 
15,000  Washington State Healthcare Facilities Authority, Revenue Bonds, Harrison Memorial Hospital,  8/13 at 102.00  N/R  12,795,300 
   Series 1998, 5.000%, 8/15/28 – AMBAC Insured       
3,335  Washington State, General Obligation Bonds, Series 2009, Trust 1212, 12.408%, 7/01/31 – FSA  7/16 at 100.00  AAA  3,569,484 
   Insured (IF)       
5,170  Whitman County School District 267, Pullman, Washington, General Obligation Bonds, Series  6/12 at 100.00  Aa1  5,479,580 
   2002, 5.000%, 12/01/20 – FSA Insured       
67,445  Total Washington      67,309,336 
  Wisconsin – 3.1% (2.0% of Total Investments)       
11,950  Wisconsin, Transportation Revenue Refunding Bonds, Series 2002-1, 5.125%, 7/01/18  7/12 at 100.00  AA+ (4)  13,376,234 
   (Pre-refunded 7/01/12) – AMBAC Insured       
$         681,263  Total Municipal Bonds (cost $644,772,820)      651,860,717 
 
 
Shares  Description (1)      Value 
  Investment Companies – 0.4% (0.2% of Total Investments)       
21,650  BlackRock MuniHoldings Fund Inc.      293,791 
13,600  BlackRock MuniEnhanced Fund Inc.      126,480 
7,920  Dreyfus Strategic Municipal Fund      58,133 
7,600  Morgan Stanley Dean Witter Insured Municipal Income Trust      99,788 
9,668  Morgan Stanley Quality Municipal Income Trust      107,895 
26,280  PIMCO Municipal Income Fund II      265,954 
9,500  Van Kampen Advantage Municipal Income Fund II      101,175 
28,680  Van Kampen Investment Grade Municipal Trust      362,228 
6,240  Van Kampen Municipal Trust      80,746 
  Total Investment Companies (cost $1,690,861)      1,496,190 
  Total Investments (cost $646,463,681) – 153.3%      653,356,907 
  Floating Rate Obligations – (6.7)%      (28,413,334)
  Other Assets Less Liabilities – 0.9%      3,916,082 
  Auction Rate Preferred Shares, at Liquidation Value – (47.5)% (5)      (202,650,000)
  Net Assets Applicable to Common Shares – 100%      $ 426,209,655 

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of July 31, 2009:

  Level 1  Level 2  Level 3  Total 
Investments:         
  Municipal Bonds  $            —  $651,860,717  $ —  $651,860,717 
  Investment Companies  1,496,190  —  —  1,496,190 
Total  $1,496,190  $651,860,717  $ —  $653,356,907 

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2009, the cost of investments was $617,767,518.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2009, were as follows:

Gross unrealized:   
  Appreciation  $ 32,050,940 
  Depreciation  (24,876,535)
 
Net unrealized appreciation (depreciation) of investments  $   7,174,405 

  At least 80% of the Fund’s net assets (including net assets attributable to Preferred shares) are invested in 
  municipal securities that guarantee the timely payment of principal and interest. 
(1)  All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares 
  unless otherwise noted. 
(2)  Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There 
  may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject 
  to periodic principal paydowns. 
(3)  Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. 
  (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below 
  investment grade. 
  The Portfolio of Investments may reflect the ratings on certain bonds whose insurer has experienced 
  downgrades as of the end of the reporting period. Subsequent to the reporting period, and during the 
  period this Portfolio of Investments was prepared, there may have been reductions to the ratings of certain 
  bonds resulting from changes to the ratings of the underlying insurers both during the period and after 
  period end. Such reductions would likely reduce the effective rating of many of the bonds insured by that 
  insurer or insurers presented at period end. 
(4)  Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities 
  which ensure the timely payment of principal and interest. Such investments are normally considered to be 
  equivalent to AAA rated securities. 
(5)  Auction Rate Preferred Shares, at Liquidation Value as a percentage of Total Investments is 31.0%. 
N/R  Not rated. 
WI/DD  Purchased on a when-issued or delayed delivery basis. 
(IF)  Inverse floating rate investment. 
(UB)  Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
  provisions of SFAS No. 140. 


Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Insured Dividend Advantage Municipal Fund         

By (Signature and Title)          /s/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date         September 29, 2009        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)         /s/ Gifford R. Zimmerman                    
                                                 Gifford R. Zimmerman
                                                 Chief Administrative Officer (principal executive officer) 

Date         September 29, 2009        

By (Signature and Title)         /s/ Stephen D. Foy                              
                                                 Stephen D. Foy
                                                 Vice President and Controller (principal financial officer) 

Date        September 29, 2009