Home Buying in Hegewisch>Question Details

John, Home Buyer in Chicago, IL

What is the average cost for high risk flood insurance in Hegewisch, illinois?

Asked by John, Chicago, IL Wed May 15, 2013

Im interested in purchasing a home in Hegewisch, Illinois but need to factor in the cost of this insurance.

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Answers

7
Great question for your local insurance agent
0 votes Thank Flag Link Wed May 15, 2013
Most of Hegewisch is not in a flood zone. Are you asking about a particular property or Hegewisch in general?
A good insurance agent who is familiar with the area and who could answer all your insurance questions is Chris Martin of Sate Farm 708-862-3737.
A good agent who could answer your real estate questions concerning Hegwisch is Nick Radakovich Home Sales Realty . Please e-mail your questions to me at nickrxhc@yahoo.com.
0 votes Thank Flag Link Wed May 15, 2013
I would speak to different companies. They will charge you different in different areas.
0 votes Thank Flag Link Wed May 15, 2013
Get a few bids from some insurance companies.
0 votes Thank Flag Link Wed May 15, 2013
Hi John,

Here is a link http://www.equityinsurance.net/insurance-solutions/personal-…
get some quotes.

If you know your area floods it is best to have it!
0 votes Thank Flag Link Wed May 15, 2013
Hi John,
This is actually Chicago, Hegewisch is a neighborhood in the city.
Insurance is going to be tied to value and what the coverage is. If the house is in a flood plain, the coverage will be based on the incidence of flooding there, whether the property has flooded before (it's insurance history) and wht you are protecting against.
You will need to contact a carrier that provides insurance in the area, I would suggest looking for a local broker there to start. You will need to provide an address, value and what you know of the property's history of flooding to get a solid quote.
If you use a Realtor for the purchase, and they use the standard contract form (multi board contract 5.0 or 5.1), you will be able to put the property und contract and shop for the insurance knowing if it is not nsurable, or the cost is too high, you can void the purchase.
0 votes Thank Flag Link Wed May 15, 2013
2000 $
But the best call Fema
0 votes Thank Flag Link Wed May 15, 2013
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