{"id":4817,"date":"2026-06-15T16:29:25","date_gmt":"2026-06-15T16:29:25","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/only-about-4-of-us-homeowners-have-flood-insurance-despite-billions-in-annual-losses\/"},"modified":"2026-06-15T16:29:25","modified_gmt":"2026-06-15T16:29:25","slug":"only-about-4-of-us-homeowners-have-flood-insurance-despite-billions-in-annual-losses","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/only-about-4-of-us-homeowners-have-flood-insurance-despite-billions-in-annual-losses\/","title":{"rendered":"Only about 4% of US homeowners have flood insurance &#8211; despite billions in annual losses"},"content":{"rendered":"<div>\n<p>\u201cThe private insurance market in general has shown that it willing and prepared to address the growing risk in the US and help close that protection gap,\u201d added Garrahan. \u201cBetween 2020 and 2024, the private market grew by approximately 20%. [Essentially], we know that flood is generally an insurable peril. When insurance companies left the market back in the 1960s and the National Flood Insurance Program (NFIP) was set up, we didn&#8217;t understand the risk. As such, insurance companies were not able to accurately price it or get their arms around it. That&#8217;s why we saw insurance companies step back.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe private insurance market in general has shown that it willing and prepared to address the growing risk in the US and help close that protection gap,\u201d added Garrahan. \u201cBetween 2020 and 2024, the private market grew by approximately 20%. [Essentially], we know that flood is generally an insurable peril. When insurance companies left the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[344,916,377,457,11,1657],"class_list":["post-4817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-annual","tag-billions","tag-flood","tag-homeowners","tag-insurance","tag-losses"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/4817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=4817"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/4817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/4818"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=4817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=4817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=4817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}