The vast majority of California flood victims’ losses won’t be covered by insurance | CNN Business

Many victims of the massive storms now battering Southern California about are to be hit with another heartbreak – discovering their insurance won’t cover the damage.

The typical homeowners’ policy won’t cover loss from flood damage. That is covered by the National Flood Insurance Program, a part of the Federal Emergency Management Agency. But in California, where drought, not flooding, had been the more common problem until recently, homeowners are about as prepared for flood damage as hurricane-prone Florida residents are for earthquakes.

Data from NFIP shows only 52,400 homes and businesses are covered

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