Californians urged to buy flood insurance ahead of El Nino

25 Oct 2015 | Author: | No comments yet »

Californians Urged To Buy Flood Insurance Ahead Of El Niño.

SAN JOSE – Federal emergency officials are urging Californians to buy flood insurance – even those who don’t live near creeks or rivers – as El Nino conditions get underway in the Pacific Ocean, increasing chances for heavy storms this winter. WASHINGTON (AP) — With a strong El Nino in place, the Federal Emergency Management Agency is urging Californians in flood prone places to buy insurance before it’s too late. FEMA deputy associate administrator Roy Wright said Friday buying flood insurance is the most powerful action residents can take with the El Nino, which brings heavy winter rains to California. California’s current four-year drought, and the nearly 20 years that have passed since the state experienced punishing winter rains, have made many residents downplay or forget that wet winters historically have caused major destruction and fatalities. “People always say ‘I never thought this would happen to me,“’ said Nancy Kincaid, a spokeswoman for the California Department of Insurance. “But if it does, are you prepared to recover without insurance? Property owners who were staying in the high hazard areas on the flood map which FEMA published are supposed to purchase flood insurance if they want to get a mortgage loan.

Most regular homeowner’s insurance covers damage from a tree falling through the roof or storms but they don’t cover damage caused by flood waters. Unlike other types of insurance which are purchased from private insurance providers, flood insurance gets funding from the federal government because of a law enacted in 1968 after a lot of private companies stopped offering policies after huge losses.

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