Flood Insurance - Chicago IL 

Also Serving Aurora, Joliet and other areas in Illinois & Indiana

Whether from heavy rain, overflowing bodies of water, rapid snowmelt or other conditions, floods can occur quickly and without warning, potentially inflicting devastating property damage. Having the right insurance can be critical in such situations, as you might otherwise face devastating financial damages. That’s where Buschbach Insurance is ready to assist you in understanding flood insurance and securing the proper coverage.

What Is Flood Insurance?

Flood insurance is a specialized type of coverage that can assist with losses and expenses arising from damage caused by floodwater. When even a small amount of external water enters your home or business, it can cause significant damage to structures and their contents. Without suitable flood insurance, you’d likely have to pay for these losses out of pocket or lack the means to recover from them altogether.

Who Needs Coverage?

One of the most essential things about flood insurance is that it offers coverage not typically included in standard homeowners, renters or commercial property insurance policies. This means that whether you’re seeking to insure a home you own, a rented residence or a business, you’ll need additional coverage to account for floods. Furthermore, you may be subject to official requirements regarding coverage if you have a federally supported mortgage in an area classified as at high risk of floods.

How Are Rates Determined?

When getting a quote for suitable flood insurance, you should generally expect the following aspects of your property to be considered:

• Location
• Structural specifications (e.g., number of floors, age and building materials used)
• Value of insured contents
• Lot details (e.g., proximity to bodies of water and topography)
• Coverage limits
• Deductibles

Get the Right Coverage

Contact Buschbach Insurance today to learn more about your coverage options or compare tailored quotes.