So you think you don't live in a flood area. That's what too many North Carolina residents thought, especially if their mortgage holder didn't require them to have flood insurance. Other homeowners thought that FEMA would reimburse them for their losses from flooding.
Similar to what happened last year with hurricane Harvey in Texas, far too many North Carolina residents are facing financial disaster because they failed to buy supplemental insurance to cover flooding.
Fewer than 10% of residents along the N.C. coast have flood insurance. FEMA grants amount to only a few thousand dollars per household hardly enough to clean up and never more than $33,000 which won't rebuild a house. It's just enough to replace a vehicle. With continued extreme disasters resulting from climate disruption, many of these property owners should NOT rebuild in their current location.So check your homeowners insurance now.
No comments:
Post a Comment