July 13, 2024 Breaking News, Latest News, and Videos

Unlocking Flood Protection: Why Many Californians Remain Unaware of Gaps in Insurance Coverage

Don’t Let the Storm Catch You Unprepared – Need for Flood Insurance in California

In a state prone to various natural disasters, many California homeowners and business owners may not be aware that their standard insurance policies often exclude coverage for flood-related damages, mudslides, debris flows, and similar disasters. Additionally, the California FAIR Plan currently does not provide coverage for storm-related damage unless consumers purchase a supplemental “difference in conditions” (DIC) policy from another insurance company.

Experts from the Department of Insurance urge Californians, even those in traditionally low-risk areas, to assess their flood risk and consider obtaining coverage before the next storm hits. Here are ten tips for people affected by winter storms from CDI. Additionally, the Los Angeles Fire Department has a resource list on the nine steps to flood recovery, and the City of Los Angeles has a list of City resources and County and State of California resources

If you have inquiries about your insurance or face disputes with your insurance company, contact the California Department of Insurance at 1-800-927-4357. Flooding stands as the nation’s primary natural disaster, striking every region. Yet, many property owners remain unprepared, unaware that standard homeowners’ insurance does not cover flood damage. It is crucial to explore available options to safeguard your assets from potential flood losses.

In response to this need, the U.S. Congress established the National Flood Insurance Program (NFIP) in 1968. This federal initiative allows property owners in participating communities to purchase insurance protecting against flood losses. Administered by the Federal Emergency Management Agency (FEMA), the NFIP offers flood insurance to property owners, renters, and business owners in participating communities. You can learn more about NFIP at floodsmart.gov.

Residents in NFIP communities can purchase flood insurance through state-licensed property and casualty insurance agents and brokers dealing directly with FEMA or private insurance companies participating in the Write Your Own (WYO) program. A list of participating WYO companies is available for reference here

For questions, additional information, or to purchase flood insurance, consult your insurance agent. If your agent does not offer flood insurance, contact the NFIP Help Center at 1-877-336-2627 for an agent referral.

Effective Date of Policy:

The policy takes effect 30 days after purchase. However, if you buy a house in a designated high-risk area and receive a mortgage loan from a federally regulated lender, the lender legally requires the borrower to purchase and regularly renew flood insurance. In this case, the policy takes effect immediately, and there’s no 30-day waiting period.

Flood Insurance Coverage:

In general, coverage includes a direct physical loss to the property from a flood, defined as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land or two or more properties. This can result from overflow of inland or tidal waters, unusual and rapid accumulation or runoff of surface waters, or mudflow (excluding certain types of earth movement).

The policy typically excludes losses caused by earth movement, such as earthquakes, landslides, land subsidence, sinkholes, destabilization, or movement of land resulting from the accumulation of water and gradual erosion.

It’s essential to note that the California Department of Insurance does not regulate the NFIP, as flood insurance is a federal program. To report a claim or inquire about policies, call 1-800-638-6620 or find the specific NFIP toll-free phone number for claims and policy inquiries.

Related Posts

Summer at Annenberg:Swim Daily and Watch the Sunset

July 12, 2024

July 12, 2024

By Susan Payne A unique, inclusive community destination along the Pacific Coast Highway of Santa Monica is inviting you to...

Kroger and Albertsons Reveal List of Stores to be Divested in $25 Billion Merger

July 12, 2024

July 12, 2024

Eleven Stores in West Los Angeles Among Locations to be Sold  The Kroger Company and Albertsons Companies Inc. have announced...

Pizza Girl’s First Brick-and-Mortar Shop Opens Along Venice Beach

July 12, 2024

July 12, 2024

Its Owner, Caroline D’Amore, Has Made Several Film Appearances, Modeled, and Toured Internationally With Paris Hilton as a DJ By Zach...

This Homeless Santa Monica Resident Saved a Teenage Girl From a Vicious Attack

July 12, 2024

July 12, 2024

City Council’s Commendation for Wilker Was Made at Its Most Recent Meeting on July 9 By Zach Armstrong Santa Monica...

Santa Monica Launches Bitcoin Office to Educate and Innovate

July 11, 2024

July 11, 2024

New initiative aims to boost digital currency awareness, partnerships, and sustainable mining efforts The city of Santa Monica has unveiled...

Film Review: The Bikeriders

July 11, 2024

July 11, 2024

FILM REVIEWTHE BIKERIDERSRated R116 MinutesReleased June 21st, Still in Theatres, also online on Prime, Apple TV and other VOD platforms...

Both Drivers Have Been Identified in Fatal Malibu Crash on July 4

July 11, 2024

July 11, 2024

Collision on Pacific Coast Highway Leaves One Driver Dead Law enforcement officials have identified the drivers in the tragic accident...

(Video) Renowned Soprano Singer to Make L.A. Homecoming at Broad Stage

July 11, 2024

July 11, 2024

Golda is scheduled to perform on July 13 at 8 p.m. @smmirrornews This Saprano singer is set to take the...

Tartine Bakery Opens Venice Beach Location

July 11, 2024

July 11, 2024

A Throng of New Menu Items Are Exclusive to Tartine Venice By Zach Armstrong After more than two decades of going...

A Homeless Man in a Palisades Canyon Was Found With a Revolver. Its Property Owner Has Neglected the Site for Years

July 11, 2024

July 11, 2024

The Entire Canyon Is Now a Significant Fire Hazard, According to Officials By Zach Armstrong Within a Pacific Palisades canyon, one...

Council Approves Five-Year-Plan to Improve Big Blue Bus Services

July 10, 2024

July 10, 2024

The Initiative Aims to Expand Operating Hours, Improve Connectivity, and Create More Frequent Service By Zach Armstrong A five-year plan...

Santa Monica Has a New City Clerk

July 10, 2024

July 10, 2024

She Served as Interim City Clerk Since December Following the Retirement of Denise Anderson-Warren The Santa Monica City Council has...

Dine LA Restaurant Week Returns to Celebrate Culinary Diversity With Amazing Deals

July 10, 2024

July 10, 2024

Special Menus at Hundreds of Local Restaurants from July 12 to July 26 Dine LA Restaurant Week will be returning...

Reward Offered for Information on Abused German Shepherd Found Near Malibu Creek Canyon

July 10, 2024

July 10, 2024

Groups Seek Justice for Argon, Dog Discovered with Zip-Tied Mouth and Neck In Defense of Animals and Peace 4 Animals...

Palisades’ Vons Market Among Hundreds to be Sold Under Merger Plan

July 10, 2024

July 10, 2024

The Sale Is Intended to Satisfy Regulators The Vons supermarket in the Pacific Palisades, located at 17380 Sunset Blvd, is...