Published on Wednesday, 30 November -0001 00:00
As the spring flood season quickly approaches, Mike Rothman, Commissioner of the Minnesota Department of Commerce, reminds consumers of the importance of preparation in order to mitigate potential losses. There are steps that can and should be taken now to address the pending damages in what may be another record year of flooding.
Now is the time to make decisions about flood insurance. Flood insurance policies do not become active until after a 30-day waiting period. Depending upon how quickly this winter's record snowfall melts, consumers and businesses who wait to act could be caught without coverage.
Rothman wants the insurance customers to know that flood damage is not typically covered under a homeowners/renters policy.
The Minnesota Department of Commerce has developed a one-stop shop to help Minnesota homeowners and businesses address property damages caused by storms or flooding. One of the most useful tools available on the site www.floodsmart.gov is a home inventory checklist that consumers can use to take inventory of their belongings. Homeowners who complete this checklist will find themselves far better prepared to assess their losses in the wake of a disaster.