Flood Insurance

Chicago River
The North Branch of the Chicago River is an asset for our residents to enjoy, but this body of water can unleash a destructive force, capable of destroying homes and their contents. However, all areas in Niles and the region are susceptible to flooding to varying degrees. In fact, 25% of all flood claims nationally occur in the low-to-moderate risk areas. Flooding can be caused by heavy rains, melting snow, by inadequate drainage systems, failed protective devices such as levees and dams, as well as by tropical storms and hurricanes.

Residents can protect their homes against flooding in many ways. One option is to purchase low-cost flood insurance available through the National Flood Insurance Program.

Homeowner's Insurance
If you do not have flood insurance, talk to your insurance agent. Most homeowner's insurance policies do not cover damage from floods. Flood insurance is only available to those participating communities in the National Flood Insurance Program (NFIP). Because of our floodplain management programs that attempt to protect us from multiple flooding hazards, the Village of Niles is part of the NFIP and thus, residents are able to obtain flood insurance. Additionally, the Village of Niles is a participant in FEMA's CRS program in an effort to discount these flood insurance premiums.

Check Your Policy
Be sure to check your policy to ensure you have adequate coverage. Usually these policies cover the building structure, but not the contents. Contents coverage can also be obtained by asking the agent. There is a 30-day waiting period before flood insurance coverage becomes effective. Plan ahead; do not wait until a flood is predicted before purchasing flood insurance.

If you are building inside the floodplain, the purchase of flood insurance is mandatory if using a federally regulated / insured bank for a loan.