2024 Tropical Weather Thread

superchuck500 said

According to analysis cited in this article today, less than 1% of homeowners in the inland counties impacted by Helene had flood insurance. Landslides are generally also excluded from typical homeowners insurance.

The vast, vast majority of these people are going to find out that their homes were not insured against this event.


https://www.newsweek.com/hurricane-helene-flood-insurance-crisis-1963816

Click to expand...

sigh.

And the WORST part about the 99% - is i can only imagine how little flood insurance would have cost them ( due to elevation, risk exposure, no losses etc etc )

Im sure we will see SBA loans like we did post Katrina, but that doesnt help those that lost it all and STILL have a mortgage to pay on the home that is gone.

Of all the insurance i sell, FLOOD is BY FAR, the HARDEST sell for for property that is NOT in a flood zone.