Maine homeowners urged to get flood insurance

Posted March 09, 2011, at 10:01 p.m.

AUGUSTA, Maine — As spring flooding season arrives, Maine officials are urging homeowners — especially those in floodplains near rivers — to make sure they have flood insurance.

The State Planning Office says many people believe that their home- or business-owner’s insurance policy will cover flood-related losses, but find out that’s not the case when it’s too late. It’s estimated that up to 75 percent of homes and businesses in Maine floodplains are not covered by flood insurance.

The agency urges property owners and renters to contact their insurance agent to make sure they’re covered. There’s a 30-day waiting period before the policy goes into effect.

Flooding is always a threat within a floodplain, but even more while ice covers the waterway and spring rains arrive. March and April are historically when flooding occurs in Maine.

Maine heating oil price jumps 13 cents

AUGUSTA, Maine — The average price for home heating oil in Maine surged to $3.65 a gallon, up 13 cents from last week.

John Kerry, the director of the Governor’s Office of Energy Independence and Security, said Monday that unrest in Libya and tensions elsewhere in the Middle East have affected supply and demand around the world.

A weekly survey showed eastern and northern Maine had the highest price for heating oil of $3.73 per gallon; central Maine had the lowest price of $3.48 per gallon.

Kerry says Maine families should prepare for higher energy costs and look for ways to reduce heating oil use in their homes and buildings.

http://bangordailynews.com/2011/03/09/business/maine-homeowners-urged-to-get-flood-insurance/ printed on July 26, 2014