Do I Need Flood Insurance in Fridley, MN?

Introduction

Flood insurance is an important consideration for Minnesota homeowners, especially those in areas prone to flooding. Understanding when you need flood insurance helps protect your investment.

Standard Homeowners Insurance and Floods

Standard homeowners insurance does not cover flood damage. Flood insurance is a separate policy that must be purchased separately.

When Flood Insurance May Be Required

Flood insurance may be required if:

• Your home is in a high-risk flood zone
• You have a mortgage from a federally regulated lender
• Your lender requires it based on flood risk

When Flood Insurance Is Recommended

Even if not required, flood insurance may be recommended if:

• Your area has experienced flooding
• You're near water sources
• Your area has changing weather patterns
• You want comprehensive protection

Understanding Flood Zones

Flood zones are designated by FEMA based on flood risk. High-risk zones typically require flood insurance, but flooding can occur in any zone.

Key Takeaways

• Standard homeowners insurance doesn't cover floods
• Flood insurance is a separate policy
• May be required in high-risk zones
• Consider even if not required

Next Steps

If you're unsure whether you need flood insurance, consult with a licensed insurance professional who can help you evaluate your flood risk.