Flooding

The Des Plaines River, Indian Creek, Lincolnshire Creek, and the West Branch of the North Fork of the Chicago River are beautiful assets that our residents enjoy. These bodies of water can unleash a destructive force, capable of destroying homes and their contents. However, all areas are susceptible to flooding to varying degrees. In fact, 25% of all flood claims nationally occur in the low-to-moderate risk areas. Flooding can be caused by heavy rains, melting snow, by inadequate drainage systems, failed protective devices such as levees and dams, as well as by tropical storms and hurricanes.

Residents can protect their homes against flooding in many ways. One option is to purchase low-cost flood insurance available through the National Flood Insurance Program.

Regular insurance policies do not cover damage due to floods since they are known hazards. If your house is located in a regulated flood plain (Special Flood Hazard Area), and is financed through a lending institution that is federally regulated or federally insured, then you MUST purchase flood insurance. Insurance may be purchased through your personal insurance agent or company. You can protect your home up to $250,000 for the structure and $100,000 for its contents. Business structures may be insured for up to $500,000.

Important Information for Lenders, Insurance Agents and Realtors