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Commissioner to Minnesotans: Buy flood insurance nowPosted On Fri, March 4, 2011
Apparently, they don't call Minneapolis the "City of Lakes" for nothing.
In an interview with the Minneapolis Star Tribune, state Commerce Commissioner Mike Rothman is calling on people to purchase flood insurance because flooding is all but guaranteed. Rothman told the paper a lot of people in the state aren't aware that their home insurance plan doesn't include the needed coverage, and without it, two or three inches of water in the basement can cost between $10,000 and $20,000.
"It's not a question of if we are going to have flooding this year; it's how much," said Robert Commodore, the senior director of industry and consumer services for the state's commerce department, in an interview with the paper.
The department urges residents to double check with their insurance provider to make sure they're covered. If not, their community may participate in FEMA's National Flood Insurance Program, a federally-funded plan of action that 20,000 communities nationwide participate in. It was extended last September 30 by the Obama administration and will expire this fall.
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