How El Niño Could Affect Home Insurance Costs Across America
Summary
A very strong El Niño weather pattern this fall and winter is expected to increase heavy rain, flooding, and storm risks for parts of the U.S., especially the West Coast and Southeast. These risks could raise home insurance claims due to damage from floods, storms, and related problems, while many homeowners remain underinsured for flood damage.Key Facts
- El Niño is a natural climate event linked to warmer Pacific Ocean waters.
- NOAA predicts a "very strong" El Niño in fall and winter, affecting U.S. weather.
- The West Coast, including California, may face more heavy rain, flooding, and mudslides.
- The Southeast may see more heavy rain, flooding, and severe weather events.
- El Niño usually reduces hurricane risk in the Atlantic but increases flood risk from heavy rain.
- Most flood damage is not covered by standard home insurance and requires separate flood insurance.
- About 86% of U.S. homes at high risk for flooding do not have flood insurance.
- FEMA flood risk maps may underestimate areas vulnerable to flooding, leading to underprepared homeowners.
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