MN Dept Of Commerce Releases Statement On Spring Flooding
The following statement comes from the Commissioner of the Minnesota Department of Commerce
Dear Local Leaders:
Over the last several weeks, the Dayton Administration has been meeting with local county and city officials, law enforcement, and business owners ahead of the upcoming spring thaw. As one key measure to prepare local residents and businesses for potential flooding, we encourage you to share basic information about flood preparation with area residents and businesses.
It is important that we act now to inform the public, as flood insurance policies are not activated until 30 days after the premium is paid in full. The more we do now to prepare, the better off our communities, neighborhoods, and business districts will be should flooding occur.
Is My Home or Business At Risk?
The best way to know if your home or business is at risk for flooding this spring is by logging on to www.floodsmart.gov.
By inputting your address into the Flood Risk Profile, you can find out if your property is in a low, moderate, or high risk flood area. The Flood Risk Profile will also estimate your annual premium cost and suggest local insurance agents serving your area.
What Should I Do Next?
If you already have flood insurance for your home or business, contact your insurance agent to discuss your policy and ensure you are prepared for any possible flooding.
Then, take a photo inventory of your building and its contents to properly document your assets. This will save you time and headaches after a flood. You can find out more about home inventory checklists on the Department of Commerce website at: tinyurl.com/4bh8y83.
If you do not have flood insurance, use the Flood Risk Profile to determine the threat of flooding in your area and identify local insurance agents who can help you purchase flood coverage.
When Should I Start Preparing?
It is important to act now, and take easy, affordable, preventive measures to avoid devastating losses in the upcoming flood season. Flood coverage doesn’t become active until 30 days after your premium is paid in full.
It may be better to pay a few hundred dollars for an affordable flood policy now than pay hundreds of thousands of dollars in damages after it is too late.
Remember, even if your property has never flooded before, 25 percent of all flood insurance claims are in areas where residents and business owners never expected a flood to occur.
Who Do I Contact With Questions?
Please call our consumer helpline with any questions you have regarding flood insurance at (651) 296-2488. You can also find more information about residential and commercial flood insurance on our website at www.commerce.state.mn.us.
Working together, we can and must get this information to Minnesota residents and businesses. The Department of Commerce has additional informational materials we are happy to share with you or anyone else in your community.
Please contact Matt Swenson with any requests for additional information. Matt can be reached by phone at (651) 296-6485 or by email at .
Thank you for your attention to this important consumer alert.
Minnesota Department of Commerce