Few people have flood insurance in California, a state that has been drenched by a series of storms. Rebuilding without insurance can be impossible.
has dulled people’s sense of the risk of flooding. People usually buy insurance after disasters when the risk is visceral, said Amy Bach, the executive director of insurance consumers group United Policyholders.
Yet FEMA maps are limited and only take into account certain kinds of flooding — they don’t really predict flood risk. Flooding caused by heavy rains that back up storm drains is not counted, for example. The limitations mean flood risk is underestimated nationally. The maps particularly lowball the chance of disaster in California, according to Matthew Eby, executive director of First Street Foundation, a risk analysis organization.
State officials said even without flood coverage, they try to help people pursue claims — flooded cars, for example, are sometimes covered under auto insurance policies. Although the maps force Enero and others in certain areas to buy coverage, FEMA no longer uses its famous maps to set the prices.in 2021 to more accurately reflect risk and dubbed it Risk Rating 2.0. FEMA says these revised prices -- and not flood maps -- are what communicate flood risk to consumers. The old system placed more emphasis on simple metrics — a home’s elevation and whether it was in a mapped flood zone. Risk Rating 2.
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