In rain-soaked California, few homeowners have flood insurance

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In rain-soaked California, few homeowners have flood insurance
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As California begins to dry out from its recent deluges, one stark reality is coming into focus: Only 230,000 homes and other buildings are insured against flooding.

On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of his rural mobile home park in Acampo to safety.

In California, 32 trillion gallons of rain and snow fell since Christmas. The water washed out roads, knocked out power and created mudslides by soaking wildfire-charred hills. It caused damage in 41 of the state's 58 counties. At least 21 people have died. Yet FEMA maps are limited and only take into account certain kinds of flooding - they don't really predict flood risk. Flooding caused by heavy rains that back up storm drains is not counted, for example. The limitations mean flood risk is underestimated nationally. The maps particularly lowball the chance of disaster in California, according to Matthew Eby, executive director of First Street Foundation, a risk analysis organization.

"It is worrisome that there was as much damage as there was for what was extreme but not catastrophic flooding," he said. Enero lives in an area that is designated high risk where people have to buy flood insurance. He says paying for the damage on his own would be unimaginable. In retrospect, he wishes he had insured his belongings as well.

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