Three things that might surprise you about flood insurance

Flood insurance is an important type of insurance that many homeowners need. If you own a home in Illinois, you need to consider whether you need to purchase flood insurance for your home. We can help you meet your flood insurance needs at Green Family Insurance Inc.

The following are three things to be aware of that might surprise you about flood insurance:

Typical home insurance policies don’t offer any coverage for flood damage.

Some homeowners don’t realize that they can’t meet their flood insurance needs by simply buying home insurance. Flood insurance is important because flood insurance is not included in standard home insurance policies.

You need to purchase flood insurance specifically if you want to make sure that your home is covered for damage caused by flooding in your area. 

Flood insurance is required by mortgage lenders in some cases.

It’s not uncommon for homeowners to be required to purchase flood insurance. Mortgage lenders that finance homes that are located in flood zones typically require borrowers to carry flood insurance in order to be approved for a home loan. 

Flood zone maps aren’t always accurate at predicting whether a particular area will end up experiencing a flood. 

While flood zone maps can help give you an idea of what your flood risk is, it’s important to realize that your home could experience flood damage even if it is not in a flood zone. 

Reach Out To Us

Are you ready to purchase flood insurance for your home in Illinois? Get in touch with us at Green Family Insurance Inc. We can provide you with a quote on a flood insurance policy that will protect your property and your finances.