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  • Does Your O’Fallon, IL Area Property Need Flood Insurance?

    September 3, 2019 | Blog
  • What O’Fallon, IL Needs to Know about Flood Insurance

    There’s a good chance that, if you have a mortgage on your home, you’re required to purchase flood insurance. If you’re not, however, you may be wondering if it’s is a good thing to have, or if the risk of flood is less than the amount of the premium you would be paying. When trying to decide if you should purchase this insurance for your home in O’Fallon, Illinois there are a number of factors to consider:

    What are the chances of my home flooding?

    flood insurance policy in O'Fallon Illinois

    To answer this, you’ll need to look at a floodplain map, and see where what the data says about your home location. Some areas are more prone to flooding than others, and this can vary even within a small distance – from one end of town to the other, for example. So you’ll need to know the information relating to your particular home.

    How much risk am I able to take on?

    In general, O’Fallon, Illinois is at risk of floods. Heavy spring rains, melting snow, and the flatness of the land can cause water to pile up in areas where you don’t want it. Even if your home has never flooded in the past, that doesn’t mean that it can’t or won’t in the future, so you’ll want to weigh that risk, and even if you don’t live in a high-risk area, the National Flood Insurance Program notes that more than 20% of claims come from homes that are not in high-risk areas. Even a small flood can cost tens of thousands of dollars, and flooding is not covered by most homeowners’ or renters’ insurance policies.

    Where to purchase flood insurance?

    flood insurance coverage in O'Fallon Illinois

    There are many places to purchase flood insurance, but for homeowners and renters living in O’Fallon, Illinois the best bet is Klein, Merwin, Karrar, and Associates. We know the area—a benefit to you when trying to purchase flood insurance. With years of expertise and care for the local community, Klein, Merwin, Karrar, and Associates is the best choice for local insurance, so contact us today.