FLOOD INSURANCE

WHAT EVERY MINNESOTAN SHOULD KNOW ABOUT FLOOD INSURANCE

As the second largest natural disaster, floods are widespread and can cause much more than property damage. For many Minnesotans without proper insurance, flooding can cause severe personal and financial losses. 

Three truths about flood insurance  

• A standard homeowner’s insurance policy does not provide flood coverage  
• You cannot depend on disaster assistance – you only get assistance when the President declares a disaster. Since less than 50% of floods are declared disasters, most flood victims are on their own  
• Paying for flood insurance is less expensive than paying back a disaster loan. Most disaster aid comes in the form of loans, which must be paid back. The average load payment on a $50,000 disaster loan is $240 per month for 30 years VS. a $100,000 flood insurance premium which is about $400 per year ($33 per month).    

Purchasing Flood Insurance

• Talk with Reegan today at 507.345.3366 or email him at REEGAN@REHMINS.COM to identify the best combination of coverage, value and price just for you  
• Visit the National Flood Insurance Program (NFIP) or call 1-888-379-9531 for more information about purchasing flood insurance  
• If you have flood insurance and want information about filing claims, or if you are having trouble applying for flood insurance, call NFIP’s national information line at 1-800-427-4661