The Federal Emergency Management Agency (FEMA) has announced that it will be freezing some of the disaster aid for the Southern U.S. in order to focus more resources on the East Coast to help the recovery effort in the wake of Hurricane Irene. Many Southern states are still struggling to recover from disastrous events earlier in the year. As Tropical Storm Lee surges through these states, Missouri Governor Jay Nixon is looking for answers. Ahead of the storm, Nixon has issued a letter to FEMA challenging the agency to justify…
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Allstate New Jersey Insurance Company give homeowners advice for post-Irene home repair
Following the flood, winds, and related damage from Hurricane Irene, Allstate New Jersey Insurance Company has made their suggestions regarding the best ways to ensure that homeowners are protecting themselves against scams from unscrupulous contractors. The suggestions made by the insurer include the following: • Don’t rush when making the choice for the right contractor – take your time and do your homework. • Obtain estimates from a number of contractors who are licensed and bonded. • Verify the contractors claims regarding their credentials through the use of the Better…
Read MoreNew York insurance chief holds insurers accountable for flood damage throughout the state
New York’s insurance chief has issued a warning concerning insurance companies and Hurricane Irene. According to Benjamin Lawsky, Superintendent of Financial Services, some insurers are trying to avoid paying for damages caused by flooding spurred by the storm. Lawksy’s warning is not targeted at consumers but at the companies that are offering flood insurance. He says that no company should consider denying payments because the damage to homes and businesses are so clearly the result of flooding. Some insurance companies are seeking to enforce what they call “hurricane damage” deductibles.…
Read MoreLegal battles expected in the wake of Hurricane Irene
Adding to the troubled following Hurricane Irene, lawyers along the East Coast are expecting a number of legal battles to break out, all centered on insurance. The most prominent litigations are expected to form around property damage and how it was caused. While most property insurance policies account for damage from wind, flood coverage is an entirely separate issue. State Farm, Allstate and Liberty Mutual are expected to bear the brunt of the legal battles as they are the primary insurers in the states battered by Irene. The extent of…
Read MoreFew homes covered by flood damage from hurricane
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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