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735 ILCS 5/ 12-907
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§ 12-907 Insurance proceeds
Article XII: Judgments - Enforcement
Part 9: Exemption of Homestead
Rule Text
Whenever a building, exempted as a homestead, is insured in favor of the person entitled to the exemption, and a loss occurs, entitling such person to the insurance, such insurance money shall be exempt to the same extent as the building would have been had it not been destroyed.
Amendment history: (from Ch. 110, par. 12-907) (Source: P.A. 82-280.)