As spring flooding season arrives, Maine officials are urging homeowners — especially those in floodplains near rivers — to make sure they have flood insurance.
The State Planning Office says many people believe that their home- or business-owner’s insurance policy will cover flood related losses, but find out that’s not the case when it’s too late. It’s estimated that up to 75 percent of homes and businesses in Maine floodplains are not covered by flood insurance.
The agency urges property owners and renters to contact their insurance agent to make sure they’re covered. There’s a 30-day waiting period before the policy goes into effect.
Flooding’s always a threat within a floodplain, but even more while ice covers the waterway and spring rains arrive. March and April are historically when flooding occurs in Maine.
Was this article valuable?
Here are more articles you may enjoy.
NYT Asks Judge to Dismiss Trump’s ‘Implausible’ Defamation Suit
Trump Sues BBC for $10 Billion Over Documentary Edit
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
Tesla Drivers Are Buying Escape Tools and Cars to Avoid Getting Trapped Inside