One of the greatest threats to homeowners everywhere is flood damage. But you might be shocked to find out that your regular homeowners insurance policy won't cover damage from natural floodwaters. That's why it's so important to have flood insurance.

Fortunately an Illinois independent insurance agent can get you set up with the right flood insurance for you. They'll even get you covered before you have to file a claim. But first, here's a look at how much flood insurance costs in Illinois and if you really need it.

What Does Illinois Flood Insurance Cover?

Floods are defined as an excess of water on normally dry land. According to insurance expert Jeffery Green, Illinois flood insurance covers damage to the dwelling, or structure, of your home caused by natural floodwaters. You can also purchase flood contents coverage to protect your personal property stored in and around the home.

Dwelling coverage under flood insurance covers the following:

• Fuel tanks, water tanks, and solar energy equipment
• Electrical systems, plumbing systems, furnaces, and water heaters
• Window blinds, foundation walls, and staircases
• Refrigerators, stoves, dishwashers, and other built-in appliances
• Installed carpeting, cabinets, paneling, and bookcases
• Detached garages

If you add contents coverage under your flood insurance, you'll also get protection for your:

• Clothing, furniture, and electronics
• Valuable artwork and furs
• Non-original carpeting and curtains
• Washers and dryers
• Loose air conditioning units
• Microwaves and toasters

It's important to consider your specific concerns when shopping for flood insurance. Your Illinois independent insurance agent can help you review your property and areas of risk, and help you determine how much coverage you need, and which type.

Do I Need Illinois Flood Insurance?

You might, depending on where exactly you live. If your home is in a designated flood zone, your mortgage lender might require you to have flood insurance coverage. It's important to check in with your local laws to be sure.

Green added that damage from a flood can be catastrophic, so even if you're in a low-risk zone, you should consider getting coverage. An Illinois independent insurance agent can help you determine for sure if you should add a flood insurance policy to your property. 

How Do I Apply for Illinois Flood Insurance?

Flood insurance is only offered by FEMA's National Flood Insurance Program, and in certain areas through private insurance companies. Signing up for coverage might be a bit more complicated than other policies like homeowners insurance. But an Illinois independent agent can assist you with applying for flood insurance in your area. 

Is Illinois Flood Insurance More Expensive in Certain Parts of the State?

Flood insurance premiums are determined by the Illinois flood zone where your home is located. Flood zones are divided into low-to-moderate risk and high-risk. It's critical to know which zone your property falls into.

The higher your area's risk of flooding, the more expensive your flood insurance coverage will be. While the average cost of flood coverage from the NFIP is $958 annually, you might pay below $500 if you live in a low-to-moderate risk zone. Your home's elevation also influences the cost of your coverage.

How Do I Find out My Flood Zone?

You can find out your specific flood zone by studying the online map provided by FEMA. Just enter your address to find out instantly which type of flood zone your area falls into. From there, you can more accurately determine the importance and cost of purchasing an Illinois flood insurance policy.

Here’s How an Illinois Independent Insurance Agent Can Help

Independent insurance agents are fully equipped to protect homeowners against commonly faced disasters. Illinois independent insurance agents shop multiple carriers to find providers who specialize in flood insurance. 

They can deliver quotes from a number of different sources and help you walk through them all to find the best blend of coverage and cost.