In response to Gov. Tony Evers' proclamation of Feb. 2-8, 2025 as Flood Insurance Awareness Week, the Wisconsin Department of Natural Resources (DNR) is calling attention to the critical nature of flood insurance in the face of escalating flood risks across the state. Aiming to fortify financial foundations against the tide of possible flooding, the DNR emphasizes the limitations of standard homeowners and renters insurance policies – most exclude flood damage coverage, leaving residents potentially exposed to significant monetary loss.
Insurance Commissioner Nathan Houdek stressed the stakes involved, noting, "One inch of water can cause up to $25,000 in damage, so even small or moderate floods can be financially devastating if you don't have the right insurance." According to an announcement by the DNR, Wisconsinites from all parts of the state, including those outside designated Special Flood Hazard Areas, can take proactive measures by purchasing federal flood insurance through the National Flood Insurance Program (NFIP).
The program, which is available to residents of participating NFIP communities, reports that approximately 40% of its claims involve properties located beyond the bounds of Special Flood Hazard Areas. Local insurance agents can provide private flood insurance policies for homeowners and renters, with information also accessible through the federal government's FloodSmart website. Sarah Rafajko, the State of Wisconsin NFIP coordinator at the DNR, urged residents not to delay: "Don’t wait until flood waters are rising to explore insurance."
Considering the standard 30-day waiting period for new NFIP policies, securing coverage sooner rather than later ensures readiness when the spring season heralds increased rainfall and potential flooding. For those with mortgages from federally regulated lenders and residing in Special Flood Hazard Areas, flood insurance isn't just a precaution – it's a requirement. Yet, for anyone considering the unpredictable nature of weather and the changing environment, exploring all available options to safeguard against future floods remains a prudent course of action.
