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STARS Insurance

251 N Milwaukee Ave, Ste 138
Buffalo Grove, IL 63366

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Illinois Insurance Blog

Do You Need Flood Insurance if You Live Away From a Body of Water?

At STARS Insurance, we are dedicated to serving the residents of the Deerfield, IL area. With our comprehensive flood insurance coverage, we strive to provide our customers with the peace of mind they deserve. Our team of knowledgeable professionals is committed to helping our customers navigate the complexities of flood insurance, ensuring they are adequately protected against any potential risks.

Flood Insurance

When considering whether people who live away from bodies of water need flood insurance, it is important to understand the details of each customer’s situation. While individuals residing near rivers, lakes, or coastlines are typically at a higher risk of experiencing flooding, it is essential to know that flood events can occur virtually anywhere. 

It is estimated that nearly 25% of flood insurance claims filed each year are from areas not deemed high-risk for flooding. That’s why it is a good idea for individuals, despite their geographical location, to carefully determine their flood risk and evaluate the need for insurance coverage. Certain conditions, such as heavy rainfall, dam failures, or even urban development, can cause sudden water accumulation, potentially resulting in severe damage to homes and properties. 

It is important to highlight that while obtaining flood insurance is optional for those living outside designated flood zones, certain circumstances may require individuals to carry such coverage. For example, federal law mandates that you have flood insurance if you have a mortgage through a federally regulated or insured lender and your property is located in a special flood-risk area.

Additionally, some local government agencies may impose mandatory flood insurance requirements for properties in flood-prone regions, regardless of their proximity to bodies of water. It is highly recommended that individuals consult with our insurance professionals and assess their unique circumstances to determine whether obtaining flood insurance is necessary.

Find Out More Today

STARS Insurance is committed to providing the best service to residents in the Deerfield, IL area. Our team offers reliable flood insurance coverage for your peace of mind. With our professional expertise and experience, we understand the potential risks and challenges of living in a flood-prone region.

We encourage you to reach out by calling or stopping by our office for more information. STARS Insurance is your trusted partner in safeguarding your home and possessions, allowing you to face unforeseen events confidently.