Flood damage raises alarms about California’s next ‘disaster insurance gap’
For many Southern Californians, [flooding and landslides are] the new normal. Homes once prized for hillside views and apartment complexes on low-lying urban streets alike are increasingly under threat from severe flooding, mudslides and heavy winds. Wildfires and earthquakes have long been the focus of concern, but the consequences of wet storms are only now beginning to generate similar levels of alarm. The Rivases [a family in West Hills] had renters insurance when they lived in a house a few doors down. But when they moved in November, they couldn’t get a policy because of the location. What’s been called the “disaster insurance gap” has become an increasingly dire concern in recent years. Even those who have insurance but live in imperiled places are often unable to secure sufficient policies to protect their residences and belongings.
Related article:
