Blog - Illinois Insurance Hotline

Information covered in the Illinois Insurance Hotline blog is intended to provide general information and guidance, and should not be considered legal advice.


Prepare for Earthquake - Part 1

Sep 15, 2021, 9:24 AM

Illinois has four seismic zones within its borders. Recent years have seen only minor tremors and minimal damage, but a more serious earthquake is possible. Residents need to be aware of the risk and have an earthquake response plan in place. Click on the link below for ideas to ready your family and household for an earthquake.

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Is insurance necessary if we sold our house to move into a small apartment?

Sep 8, 2021, 9:48 AM

Going without coverage is risky. Renters are not required by law to have insurance, but proof of coverage may be part of the leasing agreement. The building owner most likely has insurance on the structure. However, the owner's insurance does not cover tenant-owned belongings. Tenants can get protection by purchasing renters insurance. Click on the link to learn more.

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Consequences of Underinsuring Your Home

Sep 1, 2021, 10:07 AM

Homeowners insurance is based on replacement cost, which is how much it takes to rebuild the structure from the ground up using like-quality materials. Insuring your home for less than its replacement cost is a problem if a loss occurs. Click on the link below to learn more.

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Checked the dwelling coverage limit on your home lately?

Aug 25, 2021, 12:13 PM

Pandemic-related building material shortages are contributing to significantly higher construction costs. This sweeping trend impacts all owners - not just those building new houses. Most homeowners buy insurance to share the cost of rebuilding or replacing property damaged by unexpected loss like fire, tornado, and more. Unfortunately, policyholders may overlook the insurance contract's insure-to-value requirement. Experts suggest more than half are underinsured. Click on the link for information about home valuation and choosing the right dwelling limit.

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