Updated
Updated · KABC-TV · Jul 17
West Hollywood Pipe Break Floods Thousands as Only 1% of Californians Carry Flood Insurance
Updated
Updated · KABC-TV · Jul 17

West Hollywood Pipe Break Floods Thousands as Only 1% of Californians Carry Flood Insurance

3 articles · Updated · KABC-TV · Jul 17

Summary

  • Thousands of West Hollywood residents were cleaning up after a massive pipe break sent fast-moving water through the neighborhood, leaving homes and apartment buildings with heavy water and mud damage.
  • Only about 1% of California homeowners carry flood insurance, insurance agent Rick Dinger said, meaning many residents with interior damage may have little or no coverage from standard homeowners or renters policies.
  • Dinger said the event is treated differently from a pipe bursting on a homeowner's own property, which is typically covered; in a large-scale flood, residents may need to pursue subrogation if city negligence is found.
  • Vehicle losses face a better outlook because comprehensive auto coverage generally applies, and the incident could push more Southern Californians to consider flood insurance as regional infrastructure ages.

Insights

As El Niño looms, are Californians ignoring a massive insurance gap that could lead to financial ruin?
With infrastructure failing, how will budget cuts impact California's most vulnerable elderly residents facing disaster costs?
Why was a known high-risk, 110-year-old water main not scheduled for replacement until after 2030?