IIA Blog

Information covered in the Illinois Insurance Association blog is intended to provide general information and guidance, and should not be considered legal advice.


Insurance for water-damaged property - Part 3

Feb 28, 2018, 5:03 AM

Heavy rain may cause sewer lines to back up or sump pumps to overflow. The excess water can ruin basement floors, walls, furniture, and more. Traditional homeowners insurance does not cover this type of loss, but coverage is available by adding a buy-back endorsement.

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Insurance for Flood Damaged Property - Part 2

Feb 21, 2018, 5:29 AM

Recovering from flood damage can be financially devastating. Government assistance may be available, but only if the President declares the area a federal disaster zone. Federal disaster assistance is unreliable, and typically comes in the form of low interest loans that must be repaid. Having a separate, stand-alone flood insurance policy in place can mean the difference between recovery and financial ruin.

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Insurance for Property Damaged by Flood Water - Part 1

Feb 14, 2018, 7:40 AM

Illinois is home to many rivers, creeks, streams, drainage ditches, and lakes. This type of geography makes the state prone to flood events. Flooding is tied to severe thunderstorms, widespread rain events, a sudden thaw, and even urban sprawl. Floods can happen at any time of the year, and in every part of the state.

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