Tag: new york flood insurance

Flood insurance woes delay recovery in Long Island

Dan
Flood Insurance

Long Island homeowners have yet to receive payouts from their flood insurance policies Thousands of residents in Long Island, New York, are still waiting on their insurance payouts in the aftermath of Hurricane Sandy. The powerful storm struck the island more than three months ago, but many of its homeowners are still struggling to recover from the damage caused by the devastating storm. Most of these homeowners have been in contact with their insurance providers, but insurers have continued to delay claims payments or outright denying claims due to technicalities.…

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Flood insurance could soon be mandatory for 35,000 property owners in New York

Dan
Flood Insurance Flood Map

FEMA introduces revised flood maps that could expand flood insurance requirements The Federal Emergency Management Agency (FEMA) has introduced new flood maps for the East Coast U.S. this week that could force many property owners and businesses to purchase flood insurance coverage. The federal agency has been working to revise flood maps over the past two years, addressing some of the emerging threats that have been brought to light by powerful storms, such as Hurricane Sandy. These storms have caused widespread flooding in many parts of the East Coast and…

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FEMA extends deadline for Hurricane Irene claims to January 23

FEMA has announced that it will be extending the deadline for flood insurance claims related to Hurricane Irene to January 23, 2012. The extension will affect North Carolina, New York and 12 other states that were impacted by the hurricane in late August. FEMA has hopes that the extension will afford those affected by the storm with ample time to file claims and work with their insurance companies. Typically, insurers require proof of loss within 60 days of a natural disaster, but FEMA claims that victims of Irene are due…

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FEMA issues warning for New York and other states affected by Tropical Storm Lee to beware of insurance fraud

More than a month has passed since Tropical Storm Lee made landfall on the East Coast and FEMA is still fielding complaints regarding insurance. The September storm brought flooding in states along the Gulf Coast and continued North until it reached New York. To date, the damage caused by the storm is estimated to be more than $250 million. The storm caused damage to homes, much of which comes from flooding, putting the event on dodgy insurance territory. Most homeowners do not have flood insurance, especially those living in areas…

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Few homes covered by flood damage from hurricane

Julie Campbell

Hurricane Irene has homeowners scrambling to review their insurance policies to take a closer look at their coverage, but all too many are discovering that they are not protected from the damage that results from flooding during this type of storm. This is the painful reality that thousands of people are facing as they clean up their flooded basements and work to repair other damage relating to flooding. Coverage for water damage is dependent on the source of the flooding. The typical homeowners policy will cover water and structural damage…

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