Flood Insurance

Commissioner Poizner Warns Residents In Recent Fire Zones To Get Prepared For Winter Storms Now; Standard Homeowners Policies Do Not Cover Possible Flood Damage

Poizner Encourages All Californians to Evaluate Their Need for Flood Insurance
In a year when California has faced more than 7,500 fires and hundreds of thousands of acres burned, Insurance Commissioner Steve Poizner advised all Californians to check their coverage and evaluate their need for flood insurance. Flooding is much more likely after a fire because much of the vegetation that soaks up rain has been destroyed.
"After the smoke has cleared from any wildfire, there is still the potential for catastrophic damage and losses to homes and neighborhoods when winter storms come," said Commissioner Poizner. "Most homeowner’s policies do not provide coverage for damage that is flood-related. Typically, it takes 30 days for a new flood insurance policy to kick in. Therefore, it is essential that homeowners evaluate their individual needs for flood and other supplemental insurance policies as soon as possible. I encourage all Californians to document their possessions before any type of disaster strikes. Suffering the loss of a home or belongings is an extremely stressful experience. Relying solely on your memory to inventory your assets is a mistake that can be easily avoided."
In California, most standard homeowners' insurance policies do not cover mudslides. Residents are urged to contact their insurers to determine exactly what their current policies will cover and if the purchase of flood insurance is a worthwhile option for them. A flood insurance policy typically takes effect 30 days after it is purchased.


Source: /www.insurance.ca.gov

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