Flood Insurance in Chicago, IL
Flooding can happen unexpectedly, even outside mapped high-risk zones, and standard homeowners and commercial property policies typically exclude this damage. Transglobe Insurance Agency can help homeowners and business owners secure a flood policy that aligns with their needs.
What Does Flood Insurance Cover?
Flood insurance policies typically include two main types of coverage: 
- Building property coverage may help pay for repairs to your home or business structure, including the foundation, electrical and plumbing systems, built-in appliances and similar fixtures.
- Personal property coverage can cover your belongings, such as furniture, electronics, inventory and other items, that are damaged by floodwater.
Who Should Consider This Policy?
This policy may be a good fit for:
- Homeowners, especially in moderate- or high-risk flood zones
- Renters seeking coverage for their personal property
- Business owners concerned about buildings, equipment or inventory
Even in lower-risk areas or locations without a history of flooding, changing weather patterns and development may increase flood exposure over time.
How Much Does It Cost?
Policy rates can vary based on several factors, such as:
- Details of the structure (e.g., age, building materials and construction methods)
- Property location
- Site characteristics, including elevation and grading
- Flood history and risk level in your area
- Coverage limits you select
- Deductible amount you choose
How to Get a Flood Insurance Policy
Getting a flood policy involves a few basic steps:
- Review your current homeowners, renters, or commercial property policy for any flood-related limits or exclusions.
- Consider your flood exposure based on location, elevation, drainage and any past flooding nearby.
- Speak with an agent who can explain options, estimate costs and help you compare coverage limits and deductibles.
- Select your coverage and deductible so your policy can be issued, and any waiting period can begin.
Explore Your Coverage Options
Contact Transglobe Insurance Agency today for a free quote.