Minnesota Flood Insurance

Find the right flood insurance policy for you.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.


Rainfall and snowmelt are the two major causes of flooding disasters in the state of Minnesota. Some homeowners have been notified directly by the Federal Emergency Management Agency (FEMA) that they need to buy mandatory flood coverage, but FEMA has advised that all Minnesota home owners assess their own risks and coverage for themselves. Have you spoken to an agent about Minnesota flood insurance yet?

Who can help you understand your need for Minnesota flood insurance? Your local independent agent in the Trusted Choice® network will be happy to explain what types of water damage your current home policy covers. Your agent will also help you purchase additional coverage and compare Minnesota flood insurance quotes from multiple insurers. An independent agent can shop for the right policy from many insurers, so you’ll get the best deal on your home and flood policy.


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Minnesota Flood Facts

  • There were 439 flood claims in Minnesota during one year.
  • The Minnesota Board of Water and Soil Resources said that floods are the number one threat faced by state residents in terms of frequency and total damages.
  • According to FEMA, preferred risk flood policies start at $129 a year.

How Much Does Flood Insurance Cost?

Your premium will depend on the exact location of your property. In some high risk areas, where flood insurance is mandatory, premiums will cost more. In less risky areas, cheaper preferred risk options are available. In general, MN flood insurance should only be from about $100 to a few hundred dollars a year.

Flood insurance will insure your house and the things inside your house to a limit, but you may also need to purchase separate coverage to cover all of your belongings and the structure of your home for a total loss.

Which Homeowners Need Minnesota Flood Insurance?

Your home, condo or renters insurance typically will not cover flooding.

Your first step is to understand what types of water damage your current policy covers. It would be heartbreaking to believe you had coverage, and then suffer a flood and find out you are responsible for all of the damage yourself. Floods can be caused by rising rivers or creeks or heavy rainfall. A good local agent can help you understand your current coverage and figure out how to secure your home and valuables.

Some Minnesota home owners have been notified that they have to buy a mandatory flood policy. According to the Minnesota Department of Natural Resources, residents in the “100 year flood plain” must purchase a policy if they have a loan from a federally regulated institution. This includes most mortgages and home equity loans.


Save on Flood Insurance

Our independent agents shop around to find you the best coverage.

What Are High Risk Flood Zones in Minnesota?

There are high risk flood areas all over the state. Stare residents from Moorhead to St. Paul have experienced floods. According to The Federal Emergency Management Agency (FEMA), approximately 494 properties in Minneapolis, MN lie in the “100 year flood plain”, and have been notified they need mandatory flood insurance in 2012.

This is just one example, and many other Minnesota cities, small towns, and rural areas are at risk. The risk of high property losses in a small area is great. The Minnesota River Basin is a particularly risky area, and the state has started several projects to try and curb the risk of flooding.

Here are some methods you can use to find out your flood risk and get the right coverage for your needs:

  • FEMA maps can help you determine if your property sits in a Minnesota high risk area. A local insurance agent can also help you understand your flood risk.
  • If you are not ordered to purchase mandatory coverage, you may still want to protect yourself. Other home owners can purchase National Flood Insurance coverage as long as their community participates in the National Flood Insurance Program (NFIP).
  • If you community does not participate in the program, you may still be able to find a private insurer who is willing to underwrite your coverage.

Who Can Help You With Minnesota Flood Insurance?

The National Flood Insurance Program supports most flood policies, but they are still sold by private insurers. Your local Trusted Choice member agent can help you compare Minnesota flood insurance quotes from multiple companies. Your agent can also help you understand your current coverage and suggest different or new coverage if you need it.

The right combination of home and flood insurance can keep your financial investment safer. Using an independent agent for your homeowners and flood insurance policy can help you save money on your premiums, and if you ever have to make a claim, you’ll have peace of mind that your assets are protected. Contact a local member agent today.

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