A flood is legally defined as a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. A flood doesn’t have to occur from just a hurricane or a massive storm or a broken levee, it can also occur from backing up of overwhelmed sewage systems. So even if you are nowhere near a body of water you can still experience the conditions necessary to be considered a flood, and if you don’t have flood insurance your damage will not be covered.
In Illinois 90% of all natural disasters occur from the result of flooding, so considering flood insurance is an important decision if you are a homeowner, condo owner or even a renter (contents only policy) in a high risk area. The best way to find out if you are in a high risk area is to look it up on the NFIP website. From there you can click on the county you live in and zoom into the particular street you live on to see if your area is high risk. If you are high risk, your mortgage company likely required you to purchase flood insurance already, but if not you want to do your best to purchase a flood insurance policy as soon as possible.
If you are in a lower risk area it is still advisable to at least consider a policy as they get relatively cheaper the lower risk you are (estimated near a few hundred dollars in most cases) and as a natural disaster strikes you want to make sure you are covered as best as you can as the average damage from a flood is near $38,000! Although flood insurance is provided by the federal government you can only purchase it through an insurance agent, you can get an idea of what flood insurance covers by clicking here.