Another hurricane in Florida in the season ahead may dangerously overburden the Federal Emergency Management Agency, which already has more than 50 of what is called "open disaster events". FEMA has faced criticism for its response to hurricanes and other natural disasters, but the agency says people need to protect themselves more with insurance.

FEMA is looking at the rising sea levels that accompany climate changes and predicting more flooding and other disastrous events. If more people carried flood insurance, these events would be less costly for the government. The chief executive of the National Flood Insurance Program says homeowners need to realize that their homeowners insurance policies do not cover floods. They must take out that coverage separately.

Many Americans will need protection. According to the National Oceanic and Atmospheric Administration, 200 million people are looking at flooding risks, and a bad flooding season is anticipated. Congress has not been successful at dealing with FEMA's financial problems, and there was a $25 billion deficit in the National Flood Insurance Program in 2018. Florida accounted for more than one-third of NFIP policies in 2017 but has received only 7% of payouts. Another problems is that flood maps are falling out of date.

Damage caused to a home by flooding, a hurricane or another disaster can be devastating, and insurance may be critical for some families in replacing their losses. However, the process of filing a homeowners' insurance claim in the wake of such an event can be overwhelming. Once that is done, the insurance company might not respond in a timely fashion or might even deny the claim. An attorney may be able to assist with this process. In some cases, having the attorney negotiate with the insurance company may be sufficient, but further action may be necessary in other cases.

No Comments

Leave a comment
Comment Information
Email Us For A Response