If you have been watching the news at all lately, the weather has been front and center along with the predictions of a higher than normal chance of spring flooding, particularly along the rivers, but also along lakes and streamsl. Take a moment to ensure that you are informed about flood insurance.
Did you know:
- Even if you do not live in a floodplain or have not had flooding issues before, you can still buy flood insurance. It could be more affordable than you might think.
- Homeowners and renters insurance does NOT typically cover flood damage, but you should ask your insurance agent just to be sure.
- If a large flooding event happens and it rises to the level of a federal declaration, most federal disaster assistance comes in the form of low-interest loans that must be paid back. There is a slim chance that you would ever be fully compensated by the Federal Emergency Management Agency (FEMA) in the event of your home sustaining flood damage.
- There is typically a 30-day wait period between from when you purchase the policy and when it becomes effective.
Sign up for the county's CodeRED system to be alerted in case of an emergency.
For more information:
Estimated Flood Loss Potential
How do I Buy Flood Insurance
State Homeland Security and Emergency Management Blog regarding flood insurance
Minnesota Pollution Control Agency tips on minimizing environmental and health risks with flooding