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Deerfield IL 60015
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Flood Insurance in Illinois
Illinois has one of the largest inland systems of streams, lakes, and rivers in the country. Nearly 15% of the total land area can be subject to flooding. Flooding is the most common natural disaster in the state and accounts for over 90% of declared disasters. An estimated 250,000 buildings are in flood plains. Flooding is not covered by standard home or property insurance, so to protect your home or business from flooding damages and costs, you need to have flood insurance. Without flood insurance, many homeowners must turn to loans to rebuild. It can take years to pay off a loan that was taken out to rebuild after flood damage. With flood insurance, there will be much less financial stress.
What Does Flood Insurance in Illinois Cover?
It’s possible to reduce your risk of flooding in Deerfield IL and lower your premiums by elevating your living spaces. You can check the base flood elevation rate in your area to determine how high space should be. You will also want to elevate your utilities if you are opting to elevate your home. This means the water heater, furnace, and air conditioning unit should also be elevated. There are two different policies you can purchase for flood insurance. One will cover the actual home or property up to $250,000 and one will cover personal property up to $100,000. Many people buy both, but you could buy one policy or the other if you choose. The home policy will cover the home and the foundation, plumbing, and electrical systems, HVAC equipment, appliances, blinds, detached garages, and permanently installed carpeting. The policy that covers your belongings covers clothing, electronics, curtains, carpets not covered by the building policy, washers and dryers, freezers, and frozen food. Even though insurance is sold through the National Flood Insurance Program, you can also buy it from an independent agency, such as STARS Insurance.
Contact STARS Insurance, serving Deerfield , IL, to get a quote on flood insurance.