Homeowners in New Mexico, especially those near wildfire burn scars, face heightened risks of flooding and debris flows due to heavy rainfall. Without flood insurance, many may be unprepared for the financial burden of repairing or rebuilding their properties. OSI highlights that standard homeowners' policies do not cover flood-related damage, leaving many residents vulnerable. The risk is particularly acute in areas affected by wildfires, where debris flows can exacerbate flooding impacts.