California homeowners tend to underestimate flood risks, with only 1.3% of residential properties insured against floods. The National Flood Insurance Program shows that California holds only 4% of the nation's flood policies despite having 10% of its homes. In contrast, states prone to hurricanes like Florida and Louisiana have much higher coverage rates. California residents may prioritize wildfire risks over potential flooding, but the federal flood insurance can provide essential coverage against rising water from heavy rains or storms. The typical cost for flood insurance in California is $993 annually, slightly above the national average.
Flood insurance is often misunderstood, covering damages from various disasters not included in homeowner policies, like rising water due to heavy rains or ocean surges.
California has 10% of the nation's homes but only 4% of the 4.7 million flood policies nationally, with 98.7% of households uninsured for floods.
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