Tag: Flood Insurance Requirement

Will the Fargo Moorhead Dam and FM Diversion save $19 million in flood insurance premiums?

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NO! The Fargo Moorhead Dam and FM Diversion WILL NOT remove $19 million in flood insurance premiums for Fargo or the Metro area. FEMA (Federal Emergency Management Agency) creates flood risk maps that lending institutions may use to interpret flood risk on any given property description. Properties are assigned a “risk zone” which is used […]

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Will the Fargo Moorhead Dam and Diversion remove flood insurance requirements?

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<<< Return to FAQs >>> Dropping flood insurance coverage downstream of any high risk – high hazard dam is a personal choice that exposes financial lenders and property owner to significant risk. The American Society of Civil Engineers issued a GRADE D in 2009 for dam structures in the United States. “As dams age and […]

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