Released: October 26, 2008

Consider buying flood insurance

Source: Kathy Kristof, LA Times (Free Registration)

If you own a home in California, chances are you already have some type of fire insurance. But many people don’t realize that it’s flood insurance—not fire insurance—that protects them from the mudslides that often follow the state’s wind-blown autumnal blazes.

Even those whose homes are not in official flood zones, but are nearby or are in the shadow of a charred hillside, should consider a policy.

“You could be miles away from a river or water source but have a pretty significant flood risk,” said Butch Kinerney, spokesman for the National Flood Insurance Program.

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