- Insurance policies take at least 30 days to take effect.
- Landslides and earth movements not covered under flood insurance.
- Flood insurance premiums average $700 per year.
A number of California homeowners have taken the threats of El Nino-fueled storms seriously and recently purchased flood insurance. According to the Federal Emergency Management Agency (FEMA), 20,903 National Flood Insurance Program (NFIP) policies were written in the state during November. How important is it that buyers get insurance?