As climate change intensifies, the accuracy of flood risk models has become paramount for governments and insurers. Recent studies reveal significant disparities between models from institutions like the University of California, Irvine and First Street Foundation, which could exacerbate inequalities for marginalized communities. Experts warn that many homeowners in low-risk flood zones may underestimate their flood risk, leading to severe financial consequences, particularly in Florida. The 2023 Billion-Dollar Disaster Report highlights a historic year for flooding in the U.S., with significant economic losses and emergency declarations in states like New York and Connecticut. Chennai's past flood disaster in 2015 serves as a stark reminder of the impact of urban planning failures, which continue to resonate in current flood management discussions. The American public is urged to reconsider flood insurance needs amidst these changing risk landscapes.