Tag: superstorm sandy

Coastal home insurance costs rising in Massachusetts

H. Cutner
coastal home insurance

This situation is starting to cause concern for officials in the state, where sea levels are a growing problem. Property owners along the seaside and riverside in the state are facing a double level of concern regarding the rising sea levels and the cost of coastal home insurance that is going along with it. The damage caused by Superstorm Sandy is being used as an example of what Massachusetts could one day see. Although the majority of the damage along the coastline was to New York City and New Jersey,…

Read More

Insurance news from Superstorm Sandy continues a year later

Julie Campbell
hurricane sandy flood insurance news

Many homeowners are still waiting and fighting with FEMA to be able to receive payouts. Though a year has now passed since Superstorm Sandy started making insurance news headlines, there are 88,750 people among the 155,287 who have filed a claim with an insurer or FEMA, who have been deemed unqualified for payments. There are hundreds of homes that were demolished during the storm that remain off-limits. Today, the insurance news has transformed from the initial devastation that occurred as a result of the storm, into the ongoing battle that…

Read More

Flood insurance affordability demanded in Hurricane Sandy report

Julie Campbell
Hurricane Sandy Damage flood Insurance surcharge

The task force that has been assigned to the Superstorm in the United States has released a report. According to a report that was just released by the Hurricane Sandy Rebuilding Task Force, there are 69 recommended actions that coastal areas should take as a lesson from the superstorm, including making flood insurance a more affordable form of coverage for home and property owners. The American task force identified these various recommendations to help to prevent the recurrence of similar devastation. At the start of this year, the Disaster Relief…

Read More

Homeowners insurance issues growing for many Sandy victims

G. Turner
Flood homeowners Insurance Rates raising homes

Following the devastation left behind by sandy, residents of the area now face another expensive choice. Thousands of homeowners insurance customers are now facing expensive choices beyond having to manage and pay for the repairs from the catastrophe that Superstorm Sandy left in its wake along coastal areas of the eastern United States. Many property owners are finding that they can’t afford any of the choices now in front of them. This homeowners insurance news isn’t entirely new to these residents, except for the fact that it is now coming…

Read More

Insurance news from Superstorm Sandy continues with legal battles

G. Turner
Hurricane Sandy Damage flood Insurance surcharge

Victims of the storm are seeking lawyers to help them when they head to the courts. Victims of Superstorm Sandy are continuing to face considerable challenges which are making insurance news headlines as these individuals and families are now seeking legal representation in order to help them to obtain the funds that they feel are owing to them from their insurers. In many cases, it is not that the insurers haven’t paid out, but that the policyholders feel that damage was underestimated. One instance of this type of insurance news…

Read More