WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Local

FEMA Encourages Minnesotans To Get Flood Insurance

View Comments
(credit: Scott Olson/Getty Images)

(credit: Scott Olson/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

MINNEAPOLIS (AP) — The Federal Emergency Management Agency is encouraging Minnesota residents and businesses to buy flood insurance before it’s too late.

Minnesota faces the threat of flooding statewide this year. FEMA points out there’s a 30-day waiting period before a policy takes effect.

FEMA’s regional administrator, Andrew Velasquez III, notes that standard homeowner’s insurance does not cover flood losses.

Homes and businesses don’t have to be in high-risk flood hazard areas to qualify. More than 20 percent of all claims come from floods that happened in low or moderate flood-risk areas.

FEMA says the average flood insurance premium in Minnesota is about $663 a year, but costs can be much lower in lower risk areas.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,812 other followers