Flood Insurance—Keeping western Chicagoland Homeowners Afloat

Too many homeowners discover too late that their homeowners insurance policies do not cover flooding. In fact, damage estimates from recent natural disasters exceed $30 billion, yet nearly 80% of those impacted don’t have flood insurance. As a result, those homeowners will endure financial hardship and emotional distress for years to come. This doesn’t have to be your fate.

Flood Insurance—What it Is & Isn’t

There are two types of flood insurance. The first is the government-run national insurance run by the Federal Emergency Management Agency (FEMA) through the National Flood Insurance Program (NFIP). The second is private insurance. Rates depend on multiple factors, including location, a home’s age, type of construction, and flood risk. FEMA sets policy rules and underwrites losses.

NFIP coverage is offered for both buildings and possessions and is subject to maximum coverage caps. It does not cover damage to the property the building sits on or other detached structures such as a shed or garage.

Building coverage includes:

  • The building and foundation

  • Electrical and plumbing systems

  • Furnaces, water heaters, and air conditioners

  • Appliances built into the structure, such as refrigerators and stoves

  • Installed carpeting

Possession coverage includes:

  • Clothing, furniture, and electronic equipment

  • Portable air conditioners, microwave ovens, and dishwashers

  • Clothing washers and dryers

  • Carpet that is not permanently installed


Private flood insurance will often offer coverage for the above, in addition to flood-related expenses, such as the cost of food or a hotel while the home is being repaired.

It’s important to keep in mind that flood insurance does not cover damage from sewer backup. For that issue, a sewer backup endorsement can be added to a homeowners policy.

At Gulbransen Insurance Agency, we work with carriers who can protect your home and possessions in the event of a flood.

Insurance for a Rainy Day

Most flood claims are due to heavy rains, not hurricanes. Whatever the source, water damage brought about by flooding can be devastating, not only destroying the home itself, but valuable family possessions as well.

At Gulbransen Insurance Agency, we know flood insurance is literally insurance for a rainy day. We want to make sure that if that day arrives, you’re covered. Call 630.393.6700 today for more information or email us for more information.