Floods are responsible for more than 90% of Illinois disasters. On top of that, 250,000 buildings sit in floodplains. Can you imagine living on the edge like that? It's gambling with your property. But here's the thing - floods in this state cost around 700 million dollars yearly. That's a ton of money going down the drain.
So, we at Allied Advantage Insurance Services recommend taking out flood insurance. Before you do that, understand your flood risk. Also, devise an emergency plan and maybe consider getting some waterproof furniture. It's better to stay prepared than regretful regarding these wet disasters.
Illinois state law says some homeowners must have it. If you live in a flood-prone area, your mortgage lender will likely make you get it. At the same time, don't assume that your regular homeowner's insurance covers this risk. They typically exclude flood damage.
Your policy is there to cover damage to your property. If your front door gets busted open by a flood, the policy helps with the repair costs. You want to avoid having a soaked living room and a huge bill. And that's not all. Flood coverage also takes care of your personal stuff. So if your awesome collection of old vinyl records gets soaked, you can relax knowing your claim will do the job.
We recommend keeping a list of everything you own. Remembering what you had after a flood is like trying to solve a Rubik's cube with your eyes closed.
With the National Flood Insurance Program (NFIP) calling the shots, you can expect to get a good deal on a plan of your choice. You wouldn't take chances with the rising water levels.
The best part is that our team can help determine adequate coverage for you. That's why it's prudent to give us a call or visit our Allied Advantage Insurance Services offices right away.