The potential for spring flooding should be raising questions for many Minnesotans about the need for flood insurance. Minnesota floods in recent years have left too many victims suffering severe financial losses because they did not have the insurance coverage they thought they had. Flood insurance is available in all communities that participate in the National Flood Insurance Program. Most Minnesota communities participate. Even if you don't live in a flood plain, it is advisable to have flood insurance.
Flooding is the most common natural disaster.
It can occur just about anywhere at any time. In the majority of floods, uninsured victims are left on their own. Disaster assistance is usually offered in the form of a loan, which must be paid back. Flood insurance claims are paid even without a disaster declaration by the President. You can buy flood insurance at any time, but there is a 30-day waiting period before the policy is effective.