If you do not have flood insurance, talk to your insurance agent.
Most homeowner’s insurance policies do not cover damage from floods. You
do not have to reside in the floodplain to obtain flood insurance. In
fact it can be purchased at a significantly reduced cost if you do not
reside in the floodplain. Because of our floodplain management programs
that attempt to protect us from the multiple flooding hazards,
Carpentersville is part of the NFIP and thus, residents are able to
obtain flood insurance. Additionally, because the Village participates
in FEMA’s CRS program, flood insurance premiums are discounted.
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. 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
If you are building inside the floodplain, the purchase of flood
insurance is mandatory if using a federally regulated/insured bank for a
Receive a Discount on Your Flood Insurance
Most residents with flood insurance automatically receive a discount
on their insurance premiums. The Village participates in the Community
Rating System (CRS) which is a program administered by the Federal
Emergency Management Agency in which residents living in the Special
Flood Hazard Area receive a 20% discount on flood insurance premiums and
residents not living in the Special Flood Hazard Area a 10% discount on
flood insurance premiums. Carpentersville participated in a series of
floodplain management activities in order to qualify for the CRS
discount. The best part is there is no need to do anything to receive
this discount. The Village has already done everything for you. Your
insurance agent is notified through a national database and will
automatically deduct the appropriate amount from your flood insurance
premium. As part of the CRS program the Village offers the following
information on request:
- Whether a property is in or out of the Special Flood Hazard Area
(SPHA) as shown on the current Flood Insurance Rate Map (FIRM) of
- Additional flood insurance data for a site, such as the FIRM
zone and the base flood elevation or depth, if shown on the FIRM.
- A handout on the flood insurance purchase requirement that can
help people who need a mortgage or loan for a property in the SFHA.
- Elevation certificates are available as of January 1, 2005.
Direct inquiries should be made to the Engineering Department in
Village Hall. Please supply the street address and, if available, the
subdivision, lot and block number. There is no charge for this service.
There are mandatory flood insurance requirements for development in the
floodplain, but for some homeowners flood insurance is an option. Flood
insurance is highly recommended because no floodproofing measure is 100%
foolproof. Please take time to contact your insurance carrier and
consider flood insurance for your home. For more information on the
Federal Emergency Management Agency and flood safety, please visit the
FEMA - National Flood