TIME TO CHANGE

YOUR DREAM HOME IS ONLY A PHONE CALL AWAY:If you’ve been sitting on the fence, now is the time to jump into the home of your dreams. It doesn’t make sense to pay for something that doesn’t meet your needs. Give me a call and let’s find your heart’s desire:

6939 South Crandon Unit 8F - a three bedroom, two bath condo, hardwood floors, vintage bathrooms, the kitchen needs updating, the living room and dining room have panoramic views of the South Shore community. This building also includes a parking garage that has an attendant on duty at all times. The unit is on sale for $99,900.00

700 West Van Buren #1209 - 1 bedroom and a den loft has an open kitchen with granite countertops, oak floors and cabinetry. It has a huge living room and a beautiful balcony with great city views. The master bedroom has built-in shelving and the unit has its own washer/dryer - a bargain at $274,000!

THIS WEEK'S OPEN HOUSE: 601 East 32nd St #1006 – 1 bedroom/ 1 bath with spectacular views of the south side, parks, Lake Michigan, and downtown Chicago. The area has ample parking. A stone’s throw away from downtown, this is the perfect first apartment. You will be able to watch the Fourth of July fireworks in the comfort of your home. It is available immediately. This is a rental - $1200 per month
The Open House will be Thursday, June 17th from 5:30 -7:00 pm


WHAT IS FLOOD INSURANCE:

Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands and floodplains that are susceptible to flooding.

Hidden Floods Nationwide, only 20% of American homes at risk for floods are covered by flood insurance. Private insurers are unable to insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood. In traditional insurance, insurers use the economic law of large numbers to charge a relatively small fee to large numbers of people in order to pay the claims of the small numbers of claimants who have suffered a loss. Unfortunately, in flood insurance, the numbers of claimants is larger than the available number of persons interested in protecting their property from the peril, which means that insurers are unable to cover their costs in flood insurance.

In certain flood-prone areas, the Federal Government requires flood insurance to secure mortgage loans backed by federal agencies such as the FHA and VA. However, the program has never worked as insurance, because of adverse selection. It has never priced people out of living in insanely risky areas by charging an appropriate premium, instead, too few places are included in the must-insure category, and premiums are artificially low." [1] The lack of flood insurance can be detrimental to many homeowners who may discover only after the damage has been done that their standard insurance policies do not cover flooding, which can be defined as any excess of water or mud that is normally dry.[2] This can be brought on by landslides, a hurricane, earthquakes, or other natural disasters that influence flooding, but while a homeowner may, for example, have earthquake coverage, that coverage may not cover floods as a result of earthquakes.

In the United States

Many insurers in the US do not provide flood insurance in accordance to the risk factors established in some portions of the country. In response to this, the federal government created the controversial National Flood Insurance Program which serves as the insurer of last resort.
The National Association of Insurance Commissioners (NAIC) found that 33 percent of U.S. heads of household still hold the false belief that flood damage is covered by a standard homeowners policy.

If you are eligible, you must purchase a separate flood insurance policy through an insurance company that participates in the National Flood Insurance Program (NFIP). Flood insurance is available for residents of approximately 19,000 communities nationwide.
- From "Wikipedia"

LA PETITE FOLIE:

If you haven’t been over to see the new Treasure Island in Hyde Park, you probably haven’t seen one of the best restaurants in Hyde Park – La Petite Folie. This little gem is in the Hyde Park Shopping Center, the same shopping plaza that was once known for Cohn and Stern. Good food, quick service, and no nonsense offerings – it’s great for a romantic evening or a night of great good food. You should take advantage of the Prix Fixe menu from 5:00 – 6:30pm. It earns points for meeting the needs of the community at $30 a plate. Give it a try and let me know what you think.
La Petite Folie is located at 1504 East 55th Street 773-493-1394.

MUNTU DANCE THEATRE OF CHICAGO - DON'T MISS:

The Assembly Hall at International House at the University of Chicago will host the Muntu Dance Theatre of Chicago on Wednesday, July 2nd at 11am. This will be their Summer Dance Jamboree. This troupe is delightful. If you’ve never seen them, this is the perfect venue. You’ll be close enough to be enveloped in the sound of the drums, but not overwhelmed. International House is at 1414 East 59th Street.