Many home owners in California are about to get screwed. Open your pocket books because soon you’ll need to come up with an extra $1000 to $2000 dollars per year.
The California Department of Water Resources and the US Army Corp of Engineers published a report about the state’s potential flood catastrophes. Fear sells, right? So naturally, KGO radio was blasting sound bites from someone in the above mentioned group saying we need to get prepared for the big one. The scary quote was, “it’s not a matter of if a flood will happen but a matter of when.”
One in five Californians lives in a flood zone, according to the report. The spokesperson making the scary comment above also said we need to create a budget so we can educate the people on potential floods, how to be prepared and have emergency services. This is a positively spun and coded message. What they are really saying is, “1 in 5 California home owners will be required to have federally mandated flood insurance.”
The national flood program already collects 30% of its funding from residence in California. We give much more than we take. We are financing people who live in actual flood plains and zones.
When was the last time you heard of a major flood in California? Remember the Great Mississippi and Missouri Flood of 1993 in the Midwest? Or the Great Flood of 1927 in the same area? Remember Hurricane Katrina and the flooding in New Orleans? OK, one more…do you remember Hurricane Sandy and all the east coast flooding? Only a fraction of the people who live in these REAL flood places have insurance.
It pisses me off that we California desert dwellers must finance the flood dwellers living in other states. If you live in the path of four or five hurricanes every year than you need insurance. If you live in a house or farm that is below the level of the Mississippi River than you need insurance. Don’t expect someone that lives in a desert to pay for your insurance.
I live in a 1000 year flood plain and there is no recorded history of my area ever flooding. The federal government forces me to pay $1600 per year for flood insurance. If I lived on the east coast or in the Midwest where floods occur routinely, I’d pay less. On the Federal level, California is politically weak.
Based on the recent spin language used by the California Department of Water Resources, US Army Corp of Engineers and FEMA, here’s my prediction. “It’s not a matter of if California home owners will get screwed by more federally mandated flood insurance but a matter of when!”