When it comes to disasters, some are region-specific, while others are equal opportunity destroyers.  The specific risks for your area determine the kind of insurance needed to protect your Elmhurst home and belongings.

Take some time to review the insurance on your home against the following threats, and remember that supplemental insurance may be necessary for complete coverage.  While not all of these issues are common, they do happen, so it’s worth knowing and covering your risk.

Flooding - Pretty much every region has a flood risk.  You’re even more susceptible if you live in a low-lying area, near a pond or lake, or downstream from a dam.  Flood damage is not covered by most regular insurance policies, so check with your insurer about extra coverage.  On average, flood insurance costs $540 per year—a lot less than the average flood claim of $33,000 without it.  If you’re in a high-risk flood area, know that your coverage could cost more.

Earthquakes – Although Elmhurst, IL is not a high-risk area, earthquakes are still possible since fault lines run through most U.S. regions.  Check with your carrier for coverage and cost options.

Tornadoes – Opinions differ, but most folks consider Illinois part of Tornado Alley, and peak tornado season is around the corner.  Tornadoes are usually covered in a general policy, but check with your agent to be sure.  Living in a high-risk area, Elmhurst residents might pay more for this specific insurance.

Wildfires – This disaster can affect everyone. In 2008, homes in every state but Hawaii had wildfire damage from flames, soot, smoke, and water.  Most standard policies cover fire, but verify your specific coverage regarding cleanup costs and replacement values.  Price varies by region.

Mines – This one is not often addressed but is worth checking out.  It deals with homes built over or near abandoned mines where, if the ground shifts, homes can suffer structural damage.  Though generally not part of a homeowner’s policy, this coverage is available through state-sponsored pools.  Where you live determines cost, so check with your insurer.

Once you have the right coverage for your area, create your home inventory list and store it somewhere other than your house.  It’s also a good idea to have both a family evacuation plan and an emergency kit with supplies of food, water and other items to keep you going if you’re in a shelter.  Good insurance and solid preparation can help you better handle any disasters that come your way.

We’ll help you find that place of peace and safety.  If you’re looking to buy or sell Elmhurst real estate or properties in the surrounding area, contact the Gracik Makinney Group, or call (630) 567-5902.