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By: Hemanth Ramesh July, 24, 2019

A Gavop analysis reveals that Michigan’s homeowners  must pay an average flood insurance premium of $1,008 per annum. With a 3,000-mile freshwater coastline, Michigan is prone to warm weather storms that are followed by winter storms with heavy snowfall and rain. Many parts of Michigan are classified as flood-prone areas. According to the Federal Emergency Management Agency (FEMA), 26% of properties experiences a flood during a 30-year mortgage period.

Michigan has seen a gradual increase in the frequency of large storms and the bigger the storms the greater the severity of  flooding. According to the Natural Resources Defense Council (NRDC), there has been an 89% increase in the frequency of storms of 2 inches or more. In half a century, Southern Michigan has witnessed a 128% increase in the frequency of storms of more than 2 inches.


Michigan has experienced four federally declared flood disasters in the past decade. In August 2014, Detroit was deluged by a storm with 6 inches of rainfall for eight hours. This was declared a federal disaster with damages amounting to $1.1 billion.

The National Flood Insurance Program (NFIP) generally covers flood insurance. More specifically, an NFIP policy covers up to $250,000 for damages to the home structure and up to $100,000 for other personal possessions.

The NFIP considers it a flood when waters have covered a minimum of two acres or affected at least two properties. According to FEMA, Michigan ranked 18th in terms of statewise in terms of flood damages paid out during 2016.

There is generally a 30-day waiting period before and after the flooding has occured. Thus, a flood insurance policy must be bought much before a flood has struck an area.Private insurers offer excess flood insurance plans for NFIP policyholders if they need additional insurance. The coverage limit for commercial property is $500,000 and an additional $500,000 for the contents of the property.


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Hemanth Ramesh

Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.