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The vast majority of California flood victims’ losses won’t be covered
by 8DonCo Mon Feb 05, 2024 8:59 pm
Không tới 1% có flood insurance vì Cali hạn hán, mua flood ínsurance làm gì
New YorkCNN —
Many victims of the massive storms now battering Southern California about are to be hit with another heartbreak - discovering their insurance won’t cover the damage.
The typical homeowners’ policy won’t cover loss from flood damage. That is covered by the National Flood Insurance Program, a part of the Federal Emergency Management Agency. But in California, where drought, not flooding, had been the more common problem until recently, homeowners are about as prepared for flood damage as hurricane-prone Florida residents are for earthquakes.
Data from NFIP shows only 52,400 homes and businesses are covered by flood insurance in the eight Southern California counties declared a disaster area because of this storm. That’s less than 1% of 7.7 million households in the affected area with coverage. Those counties have a combined population of more than 22.6 million people, according to the latest estimates from the Census Bureau.
New YorkCNN —
Many victims of the massive storms now battering Southern California about are to be hit with another heartbreak - discovering their insurance won’t cover the damage.
The typical homeowners’ policy won’t cover loss from flood damage. That is covered by the National Flood Insurance Program, a part of the Federal Emergency Management Agency. But in California, where drought, not flooding, had been the more common problem until recently, homeowners are about as prepared for flood damage as hurricane-prone Florida residents are for earthquakes.
Data from NFIP shows only 52,400 homes and businesses are covered by flood insurance in the eight Southern California counties declared a disaster area because of this storm. That’s less than 1% of 7.7 million households in the affected area with coverage. Those counties have a combined population of more than 22.6 million people, according to the latest estimates from the Census Bureau.
Last edited by 8DonCo on Mon Feb 05, 2024 9:33 pm; edited 1 time in total
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8DonCo
Re: The vast majority of California flood victims’ losses won’t be covered
by ga10 Mon Feb 05, 2024 9:30 pm
Wondering how much extra it costs to cover flood insurance mà sao 0 mua just in case?
ga10
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