With record amounts of snow in North Dakota, Insurance Commissioner Adam Hamm is urging homeowners, renters and business owners to consider buying a flood insurance policy.
Hamm says there’s a 30-day waiting period before a policy becomes effective, and it’s imperative that people who might be at risk of spring flooding act quickly.
Hamm says homeowner’s policies don’t cover flooding. Flood insurance is underwritten by the National Flood Insurance Program.
Hamm says that since not all floods are declared disasters, people should not count on federal disaster aid to bail them out.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Mergers & Acquisitions Flood
Was this article valuable?
Here are more articles you may enjoy.
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes 
Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG 
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S 
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils 
