Minnesota Flood Insurance Information

Minnesota Flood Insurance

Even though flood insurance is relatively inexpensive, most homeowners do not
choose to purchase the insurance protection available. According to the Federal
Insurance Administration, less than one-quarter of the homes in areas most
vulnerable are insured against flood loss. In those areas, flooding is 24 times more
likely to occur than a fire during the course of a typical 30 year mortgage.

A standard homeowners insurance policy will not cover damages caused by
flooding. You must have flood insurance from an insurer that writes for the
National Flood Insurance Program. If your community participates in a
floodplain management program, you should be eligible to buy the coverage no
matter if your flood risk is low, medium or high. Residents of "coastal barrier
areas" and communities that do not participate in floodplain management
programs may have trouble finding flood insurance coverage. Flood insurance
is also available to renters, condominium owners, and co-op owners.

Flood Perils Include:

Outside of fire, flooding is the most widespread natural disaster. According
to the National Flood Insurance Program, two adjacent properties have to
be under water to call the situation a flood. In a rural area, at least 2 acres
must be submerged.

The two primary types of Minnesoata Flood Insurance policies are listed
below.

Actual Cash Value Policy

The value of property as figured by determining the cost to replace the
damaged or destroyed property and adjusting the replacement value by
subtracting an amount that reflects depreciation. Or in other words,
replacement cost minus depreciation. Homeowners are entitled to a
replacement cost value if they live in their homes at least 80% of the time
and have flood insurance coverage for at least 80% of their home's market
value.

Commercial and apartment buildings will be covered only for actual
cash value.

The amount it costs to replace or rebuild a damaged property.
Replacement cost coverage is available only for the building portion of a
condominium insurance policy. Owners of single-family homes may be
able to buy replacement cost coverage on the building portions of their
flood insurance policies. A flood insurance replacement value policy will
pay only the replacement value up to the coverage limit. For example, if
rebuilding your home will cost $400,000, but you only purchased $300,000
in coverage, your insurance policy will pay you only $300,000.

Click on the link below to fill out a quote request form for a Minnesota
Flood Insurance policy that will provide excellent insurance coverage
for your house, apartment, or condominium at an affordable cost. Or
you can speak with our Minnesota Flood Insurance agent specialist toll
free at 1-877-730-4678 or locally at (651) 730-6666 to discuss the
policy features in more detail.

We are a St. Paul, MN insurance agency offering affordable Minnesota
Flood Insurance policy premiums in the following Twin Cities area towns
and counties: Minneapolis, Bloomington, Roseville, Maplewood, North St.
Paul, Oakdale, Woodbury, Cottage Grove, South St. Paul, Inver Grove
Heights, Eagan, West St. Paul, Richfield, Burnsville, Edina, Lilydale,
Mendota Heights, St. Paul Park, Lake Elmo, Newport, Cedar Grove,
Savage, Shakopee, Eden Prairie, Minnetonka, Hopkins, St. Louis Park,
Plymouth, Golden Valley, Columbia Heights, New Hope, Crystal,
Robbinsdale, Brooklyn Center, Fridley, New Brighton, Maple Grove, St.
Anthony, Arfen Hills, Shoreview, Vadnais Heights, Little Canada, White
Bear Lake, Mahtomedi, Grant, Bellaire, North Oaks, Gem Lake, Mounds
View, Lino Lakes, Blaine, Coon Rapids, Spring Lake Park, Lexington,
Afton, Lakeland, Bayport, Stillwater, Apple Valley, Andover, St. Cloud,
Mankato, Rochester, Duluth, Anoka, Champlin, Andover, Oak Grove, St.
Michael, Hanover, Scandia, Forest Lake, Wyoming, Rosemount, Hastings,
Vermillon, Coates, Ramsey County, Hennepin County, Dakota County,
Anoka County, and Washington County, MN. We also offer flood
insurance services in the remainder of Minnesota and throughout
Wisconsin.

Proudly serving all of Minnesota
and Wisconsin for over a decade!

Baecker Insurance Agency, Inc.

373 Pedersen Street, Suite 104

St. Paul, Minnesota 55119

Ramsey County, MN

(651) 730-6666

Toll Free: 1-877-730-4678

Mud slides caused by flooding

The washing away, collapse, or subsiding of land along the
shoreline due to erosion or undermining of waves or currents
exceeding the cyclical levels

Overflow of inland or tidal waters

Unusual & rapid accumulation of runoff or surface waters
from any source

Sewer backup caused by flooding

Replacement Value Policy

**The information, pictures, and other content in this website about
particular insurance services is only provided for informational
purposes. Any decisions regarding your insurance needs should be
discussed with a licensed insurance agent.

Flood Insurance Specialists

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