Source: morgueFile
Over a year has gone by since Superstorm Sandy devastated the New Jersey coastline and many of its citizens are still feeling the effects. The Federal Emergency Management Agency was supposed to help provide relief to many of these citizens; however, this relief was often not enough.
The issue that many citizens of New Jersey dealt with is the fact that their homeowner’s insurance did not cover flooding. This means that if their homes or businesses were damaged by Superstorm Sandy, they were often only given coverage for damages done by the wind, leaving them to deal with paying for the majority of the damages to their property caused by flooding.
While FEMA has provided money in the form of grants to many of New Jersey’s citizens, the amount was not substantial enough to help many of them rebuild or repair their homes. In fact, many of New Jersey’s citizens ended up using the money to cover the costs of temporary homes, in the form of apartments, because their actual homes were uninhabitable. Not to mention that the grants provided by FEMA came with certain strings attached: anyone wishing for financial aid due to the storm would be required to buy flood insurance through NFIP (the National Flood Insurance Program). The fact that FEMA created new flood zone maps affected many citizens as well since it required them to make additional (and costly) improvements to their homes.
For information about flood insurance for the next major storm, be sure to contact us at CCW Insurance today.
