(WFRV) – In light of Wisconsin Governor Tony Evers’ proclamation of February 2 through February 8 being Flood Insurance Awareness Week, the DNR says it is raising awareness of the importance for people to have appropriate insurance coverage as the state’s flood risks increase.
Airport in Wisconsin sees 5% increase, surpasses 6.3 million travelers in 2024
According to a release from the Wisconsin DNR, flood insurance acts as an important tool in preventing financial vulnerability from flooding as most homeowners and renters insurance policies do not cover flood damage.
One inch of water can cause up to $25,000 in damage, so even small or moderate floods can be financially devastating if you don’t have the right insurance. Whether you rent or own, there is flood insurance coverage available for your needs.
Insurance Commissioner Nathan Houdek
DNR officials say those in Wisconsin can be eligible for purchasing federal flood insurance even if their property is outside of a Special Flood Hazard Area as long as they are residents of a community that is a member of the National Flood Insurance Program.
They add that, on average, 40% of the insurance claims made through NFIP are made outside of a Special Flood Hazard Area.
Homeowners and renters can reportedly protect their homes and their belongings by purchasing a private flood insurance policy given that their agent sells flood coverage.
Flood insurance through the National Flood Insurance Program is one of the tools that builds flood resiliency into our Wisconsin communities. Don’t wait until flood waters are rising to explore insurance.
Sarah Rafajko, State of Wisconsin NFIP coordinator at the DNR
DNR officials say the DNR Floodplain program has staff serving as experts on federal flood insurance and helping to manage the community’s enrollment in the NFIP.
They state that Wisconsinites should sign up today to ensure coverage before the spring showers begin as there is usually a 30-day waiting period before the NFIP policies go into effect.
Teenage driver in northern Wisconsin dies after crashing into highway department truck
Officials also mention homeowners are required to purchase flood insurance if their owned property is located inside a Special Flood Hazard area and they have a mortgage from a federally regulated lender.
The Wisconsin Office of the Commissioner of Insurance is said to offer several resources that can help consumers understand flood insurance and how to mitigate flood risks.
for more information about flooding and flood insurance, click here.
