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 This material may not be published, broadcast, rewritten or redistributed.)

Comments (8)
  1. northern minnesota says:

    Does anyone out there have flood insurance? What does flood insurance really cover? I have heard that it only covers structural damage.

  2. Milorad Paunovic says:

    Visit my web page http://www.paunovic.us where you can read more about:
    What’s Covered:
    Flood insurance policies cover physical damage to your property and possessions. You can use the following list as a general guide to what is and isn’t covered or simply refer to the Summary of Coverage (PDF 108K) to help you better understand your policy and coverage.

    Building Property

    •The insured building and its foundation
    •Electrical and plumbing systems
    •Central air conditioning equipment, furnaces, and water heaters
    •Refrigerators, cooking stoves, and built-in appliances such as dishwashers
    •Permanently installed carpeting over unfinished flooring
    •Permanently installed paneling, wallboard, bookcases, and cabinets
    •Window blinds
    •Detached garages (up to 10 percent of Building Property coverage) Detached buildings (other than garages) require a separate Building Property policy
    •Debris removal

    Personal Contents Property

    •Personal belongings, such as clothing, furniture, and electronic equipment
    •Portable and window air conditioners
    •Portable microwave ovens and portable dishwashers
    •Carpets that are not included in building coverage
    •Clothing washers and dryers
    •Food freezers and the food in them
    •Certain valuable items such as original artwork and furs (up to $2,500)

    What’s Not Covered:

    •Damage caused by moisture, mildew, or mold that could have been avoided by the property owner
    •Currency, precious metals, and valuable papers such as stock certificates
    •Property and belongings outside of an insured building such as trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs, and swimming pools
    •Living expenses such as temporary housing
    •Financial losses caused by business interruption or loss of use of insured property
    •Most self-propelled vehicles such as cars, including their parts (see Section IV.5 in your policy)

    1. Learn to swin youll need it says:

      We had a flood in our home what a pain in the behind we had 18,000 in damage just to the home, it had been the worst time in our lives, the worst part about it was dealing with the insurance company it would have been better and eaiser for the house to total loss the insurer fought us on every penny,and they hold back alot of important information that they dont want you to know pick your insurer carefully and get the agent home phone number and address so that when they try to avoid you ,you can go to there home and drag them out kicking and screaming, I have noticed ins agents are like politions they tell you what you want to hear to get there vote in this case your money. Check the company out very carefully and go with a well known company!

  3. jon says:

    If you can get it. I know someone who lives in an area that is known to flood and with the warnings out already this year she is being denied coverage.

    1. Milorad Paunovic says:

      ask the lady who was denied flood insurance to send me an email at miloradpaunovic@advantageinsurance.com to see if I can help her,

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