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Politico: Why California homeowners still aren’t buying flood insurance

SACRAMENTO, California — The damage from this weekend’s Pineapple Express could be on the order of billions of dollars, but California residents aren’t rushing to file insurance claims.

Given that less than 2 percent of California homes are insured against floods, homeowners faced with downed trees, mudslides and water damage will likely pay the cost of rebuilding out of pocket.

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Why California homeowners still aren't buying flood insurance - POLITICO