W.i.m.i. Insurance Agency
18154 Harwood Ave, Ste 103, Homewood, IL 60430
View this agency's profile to learn more about their services.
City directory
Homewood households and business owners trust local agents to navigate carrier appetite shifts, underwriting requirements, and the claims process.
Compare local agents, coverage options, and specialties to find the right fit for your insurance needs.
18154 Harwood Ave, Ste 103, Homewood, IL 60430
View this agency's profile to learn more about their services.
18154 Harwood Ave, Ste 103, Homewood, IL 60430
View this agency's profile to learn more about their services.
18033 Martin Ave, Homewood, IL 60430
View this agency's profile to learn more about their services.
Learn about insurance coverage options specific to Homewood residents.
Homewood home insurance averages $255/month. Learn about tornado coverage, flood risk, rate increases, and essential endorsements for Cook County homeowners.
Car InsuranceEverything Homewood drivers need to know about Illinois auto insurance: 25/50/20 minimums, at-fault laws, Cook County rates, and coverage tips for I-80/I-294.
Homewood has a low flood risk (FEMA zone X), so flood insurance isn't required for most mortgages. However, nearly one-third of flood insurance claims come from outside high-risk zones. Heavy rains, overwhelmed sewers, and drainage issues can still cause flooding. Flood insurance in Illinois averages $1,106 per year and takes 30 days to activate, so consider your specific property's drainage and proximity to retention areas when deciding.
Yes, standard homeowners insurance covers tornado damage, including wind damage to your roof and structure, as well as rain damage that enters through tornado-caused openings. Illinois averages 54 tornadoes annually, so this coverage is essential. However, if flooding occurs as a result of the storm, that requires separate flood insurance. Review your policy's wind/hail deductible, which may be higher than your standard deductible.
Major insurers like Allstate have filed for significant rate increases—8.8% on average for policies starting February 2026, following a 14.3% increase in early 2025. These increases reflect rising construction costs, more frequent severe weather claims, and higher replacement costs for homes. With inflation affecting building materials and labor, insurers are adjusting rates to cover increased claim expenses. Shopping around and bundling policies can help offset these increases.
Absolutely. Cook County's severe weather patterns and aging infrastructure make water backup coverage particularly important in Homewood. When heavy storms overwhelm municipal sewer systems, water can back up into your basement, causing thousands in damage. Standard policies don't cover this, but you can add water backup coverage as an endorsement for a modest additional premium—usually well worth the cost given local conditions.
Homewood's median home construction year is 1962, meaning many homes are 60+ years old. Older homes often have higher premiums due to outdated electrical systems, aging roofs, and original plumbing that's more prone to failures. However, if you've updated these major systems—electrical, plumbing, roof, HVAC—you may qualify for discounts. Always inform your insurer about upgrades, as they can significantly reduce your premium.
Market value is what someone would pay to buy your home today, including the land. Replacement cost is what it would cost to rebuild your home from scratch if destroyed. In Homewood, replacement cost often exceeds market value due to rising construction costs. Your dwelling coverage should be based on replacement cost, not market value, to avoid being underinsured. Review this amount annually as construction costs continue to rise.
Stand out to local shoppers with your team, specialties, and business hours. Member agencies get priority placement and more features.
Join the network