Does Homeowner’s Insurance Cost More if You Live Near a Body of Water?

The location of your house will play a big role when buying insurance for it. Certain climates are riskier than others, and your insurance company will definitely figure that into your policy. If you own a house near a body of water, such as an ocean or lake, you may be paying more for home insurance.


The main reason that homes near a body of water cost more to insure is the risk of flooding. Homes near the ocean or large lakes are more likely to flood in the event of a serious hurricane or rain storm. Flooding causing terrible damage to the foundation of homes, which makes it a very expensive repair job. Insurance companies are aware of this risk and the high cost to deal with it. That is why they will stick a higher price tag on your home if it is near a large body of water. It is also important to note that many homeowner’s insurance policies do not include coverage for flooding, which means you have to purchase a separate policy for it.


At Insurance Navy in Palos Hills, we provide low-cost home insurance with high-quality coverage. If you recently bought a home near a body of water, the Insurance Navy agents will find you the best and affordable homeowner’s insurance policy available in Illinois. To learn more about finding cheap home insurance policies in or around the city of Chicago, please visit our website:

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