The definitive source on whether home buyers need flood insurance!

Flooded areaIf you’re thinking about buying a home and want to know if you’ll need to purchase flood insurance, the definitive source is:

a. The Federal Emergency Management Agency (FEMA)
b. The county the home is located in
c. The seller
d. Your mortgage company

FEMA – FEMA has lots of great information on flooding, flood insurance and flood maps, but keep going.
County – I find the flood maps for Cook County and the collar counties easier to ready than the FEMA flood maps, but keep going.
Seller – Buyers should always independently verify the information sellers provide! Just like sellers should always independently verify information buyers provide! Keep going!
Mortgage Company – BINGO! If they say the home you wish to purchase is in a flood plain, they will require you to purchase flood insurance according to Chicago real estate attorney, Rachell Horbenko! They are the final word on this!

Check out Rachell’s real estate law blog for more goodies!

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Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at or call 773-793-4516. Learn More