Flood insurance cost on the rise

Flood insurance costs on the rise

FOREST CITY, Iowa – Rivers and other waterways are on the rise and flood insurance costs are as well.

Changes are in the works to the Federal Flood Insurance Reform Act that was passed in 2012 when congress passed the act to reduce the amount government subsidies being given to the national flood insurance program.

On Friday, President Obama signed a bill that will hopefully soften the blow for some Iowa home and business owners, however there will still be nearly 4,500 Iowans that could still see some increases.

Brian Keely is the clubhouse manager for the Bear Creek Golf Course in Forest City and says that flood insurance was never something they intended to have when their course was first being built.

Because the greens are situated right up against the Winnebago River and the Bear Creek, flooding is something this business sees pretty much every spring.

“Insurance is it’s pretty expensive,” Keely said, “you can get it for trees and individual things like bridges, but generally, for the course and that kind of thing, it doesn’t pay to have the insurance, you just have to wait it out.”


Keely says that while many of the holes on the back end of the course flood regularly during the springtime thaw, a lot of it depends on what is happening north of town in Minnesota.

Emergency management coordinator Andy Buffington with Winnebago and Handcock Counties says he too looks north the see what will be in store for the season.

Understanding where the high-risk areas are will help officials like Buffington be prepared to help in a flood situation, however he says a lot of work should be done by the homeowners.

“Some people that have to have flood insurance, because they live in or near a floodplain,” he said, but with the current price increases of insurance premiums, Buffington believes that, “it’s just going to get more and more expensive for everyone.”

Thanks to the amount of snow we saw this year and the rate at which things are thawing out, some are starting to get concerned about what this will all mean for flooding in 2014.

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