BLOOMINGTON, Minn. –Winter is coming in Minnesota, but spring – and spring flooding – is right around the corner. Some forecasters are already predicting heavy spring floods, so now is the time for Minnesotans to consider purchasing flood insurance for their home or business.
The Federal Emergency Management Agency (FEMA), which manages the National Flood Insurance Program (NFIP) has developed useful tools for individuals to learn about their flood risk and flood insurance. Floodsmart.gov has several interactive tools where people can assess their flood risk, estimate how costly a flood would be, and find an insurance broker from whom they may purchase flood insurance.
Floods are the most common, most costly natural disaster in the United States. Many people think because they do not live near water, they are not at risk for flooding. But, 20 to 25 percent of all flood claims are made in low-to-moderate risk areas, and everyone, regardless of whether your home is in a designated flood zone, is at risk for flooding.
Even a few inches of water can cause tens of thousands of dollars of damage to a home. To protect yourself, consider purchasing a flood insurance policy. For those living in low-risk areas, policies can be as little as $119 per year.
“Minnesotans are no stranger to flooding,” said FEMA Federal Coordinating Officer Lawrence Sommers. “I strongly encourage all Minnesotans, no matter where they live, to visit Floodsmart.gov and learn more about flooding and flood insurance. For most, policies are very affordable, providing both protection and peace of mind for as little as 33 cents per day.”
Flood insurance policies go into effect 30 days after they have been purchased, so it is important for residents to buy their policies now, before the next flood. Flood insurance is available for homes and business; and renters can also purchase coverage to protect their belongings. To learn more about flood risk and insurance, and to get contact information for local agents who sell flood insurance, visit www.floodsmart.gov or call 1-800-427-2419.
FEMA’s mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards