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7.7 million households in the 7 Cal. counties affected by the flooding, 52K have flood ins

Posted on 2/5/24 at 4:16 pm
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41178 posts
Posted on 2/5/24 at 4:16 pm
quote:

Data from NFIP shows only 52,400 homes and businesses are covered by flood insurance in the eight Southern California counties declared a disaster area because of this storm. That’s less than 1% of 7.7 million households in the affected area with coverage. Those counties have a combined population of more than 22.6 million people, according to the latest estimates from the Census Bureau.

quote:


Los Angeles County, with more than 10 million residents, has only 14,600 flood insurance policies in force.


quote:

Even some of those with flood insurance could find their policies won’t cover all of their losses. The federal policies have a limit of covering only $250,000 in damage to structures and $100,000 to the home’s contents. Those limits can be quickly exceeded, especially in Southern California



No FEMA check for them?
Posted by Chad504boy
4 posts
Member since Feb 2005
166215 posts
Posted on 2/5/24 at 4:18 pm to
Imagine a country where if you have a federally backed loan, you must purchase flood insurance. Then you have millions of millions low risk insureds purchasing a $450 policy balancing the flood risk more evenly.
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
116108 posts
Posted on 2/5/24 at 4:18 pm to
Federal bailout incoming.
Posted by fareplay
Member since Nov 2012
4813 posts
Posted on 2/5/24 at 4:18 pm to
What? No
Posted by Chad504boy
4 posts
Member since Feb 2005
166215 posts
Posted on 2/5/24 at 4:19 pm to
quote:

What? No


What your arse.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167211 posts
Posted on 2/5/24 at 4:21 pm to
quote:


Imagine a country where if you have a federally backed loan, you must purchase flood insurance. Then you have millions of millions low risk insureds purchasing a $450 policy balancing the flood risk more evenly.



So you want people in desert climates to be forced to buy flood insurance?

Guess we should make people in the South by earthquake insurance while you are at it.
Posted by bad93ex
Member since Sep 2018
27103 posts
Posted on 2/5/24 at 4:22 pm to
quote:

52K have flood ins


Louisiana flood insurance fixing to soar to new heights
Posted by saintsfan1977
West Monroe, from Cajun country
Member since Jun 2010
7693 posts
Posted on 2/5/24 at 4:23 pm to
Let's hope skid row flooded. It needed a cleansing.
Posted by Chad504boy
4 posts
Member since Feb 2005
166215 posts
Posted on 2/5/24 at 4:25 pm to
quote:

So you want people in desert climates to be forced to buy flood insurance?




They aren't without flood risk what so ever.

Posted by TigerintheNO
New Orleans
Member since Jan 2004
41178 posts
Posted on 2/5/24 at 4:26 pm to
quote:

Then you have millions of millions low risk insureds purchasing a $450 policy balancing the flood risk more evenly.


Live a less than mile from the river, so my area is higher than most of the city. Never was required to have flood insurance but got it anyway. Up until a couple of years ago it was less than a dollar a day ($325-$360) for over a decade.
Posted by Chad504boy
4 posts
Member since Feb 2005
166215 posts
Posted on 2/5/24 at 4:28 pm to
quote:

Live a less than mile from the river, so my area is higher than most of the city. Never was required to have flood insurance but got it anyway. Up until a couple of years ago it was less than a dollar a day ($325-$360) for over a decade.


flood system is broken in partly due to the low volume of people in the country buying into it. If an extreme little risk policy cost $300 a year, it would help stabilize the entire picture. TONS AND TONS of preferred zone customers flood every single year nearly in every state.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20495 posts
Posted on 2/5/24 at 4:29 pm to
quote:

So you want people in desert climates to be forced to buy flood insurance?



You know what happens when an unexpected thunderstorm dumps even a half inch of water in a desert? Flash floods.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260224 posts
Posted on 2/5/24 at 4:29 pm to
Here in this hopeless fricking hole we call L.A.
The only way to fix it is to flush it all away
Any fricking time, any fricking day
Learn to swim, I'll see you down in Arizona bay
Posted by EZE Tiger Fan
Member since Jul 2004
50269 posts
Posted on 2/5/24 at 4:29 pm to
All you stupid rednecks that work and pay taxes will get to bail them out from this responsibility next.
Posted by WinnieTiger
Member since Jun 2023
277 posts
Posted on 2/5/24 at 4:30 pm to
quote:

So you want people in desert climates to be forced to buy flood insurance?
No one floods more frequently. Check out SoCal and Arizona.

This post was edited on 2/5/24 at 4:31 pm
Posted by LegendInMyMind
Member since Apr 2019
53869 posts
Posted on 2/5/24 at 4:31 pm to
Look at the areas currently within Flash Flood Warnings:

quote:

Some locations that could experience flash flooding include... Malibu, Woodland Hills, Beverly Hills, Hollywood, Griffith Park, Malibu Creek State Park, Calabasas, Topanga State Park, Westlake Village, Pacific Palisades, Brentwood, Sepulveda Pass, Bel Air, Sherman Oaks, Studio City, Hollywood Hills, and Malibu Canyon and Los Virgenes Roads through the Santa Monica Mountains.


quote:

* Some locations that will experience flash flooding include... Thousand Oaks, Simi Valley, North Hollywood, Burbank, Van Nuys, Universal City, Northridge, Griffith Park, Encino, Santa Clarita, Chatsworth, Woodland Hills, Pasadena, Alhambra, Mount Wilson, Agoura Hills, Altadena, Pacoima, Sunland and Sylmar.
This post was edited on 2/5/24 at 4:32 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167211 posts
Posted on 2/5/24 at 4:32 pm to
quote:

You know what happens when an unexpected thunderstorm dumps even a half inch of water in a desert? Flash floods.




Yes I was in Vegas once when it stormed badly and streets flooded but the amount of houses that flooded was minimal if any.

We have flood maps for a reason and requiring people who MIGHT be at risk of flooding once in a hundred years to get flood insurance is dumb.

Chad sells insurance so of course he wants the Gov to force you to buy more of it.

This post was edited on 2/5/24 at 4:33 pm
Posted by 225Tyga
Member since Oct 2013
15784 posts
Posted on 2/5/24 at 4:51 pm to
Good!
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
45108 posts
Posted on 2/5/24 at 4:56 pm to
quote:

Guess we should make people in the South by earthquake insurance while you are at it.


I live in Ponchatoula and I have it, 30 dollars a year.

Posted by slackster
Houston
Member since Mar 2009
84767 posts
Posted on 2/5/24 at 4:56 pm to
quote:

We have flood maps for a reason and requiring people who MIGHT be at risk of flooding once in a hundred years to get flood insurance is dumb.


I get it, but people who buy insurance they don’t need is kind of the name of the game.
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