Flood insurance may be a cost-saving measure

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TWIN FALLS, Idaho (KMVT/KSVT) Recent snow melt in addition to rain has made for very wet conditions across Southern Idaho.

What many people don't realize is that homeowners insurance does not cover floods caused by rising water.

Flood insurance is a separate policy and averages about $700 a year, it can provide around $250,000 worth of coverage.

“Having this amount of snowfall and rain is not typical of this area but that doesn't mean a home can't flood at any time whether the rivers or the canals rise or for any particular any other reason,” said Elaine Mellon, Consumer Services Bureau Chief of Idaho Department of Insurance.

The policy will take about 30 days to go into effect so it's a good idea to purchase flood insurance early on which gives it time to become active.

Anyone is able to purchase flood insurance, whether or not they are located in a flood zone.

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