NBC: Florida Homeowners Face Insurance Nightmare

October 14, 2024 Climate Change, Disaster

Fresh off the one-two punch of Helene and Milton, hurricane victims in Florida — even those with insurance — face a challenging recovery. The insurance industry is categorizing the storms as two separate events, meaning anyone who did not or could not document damage from Helene could face even greater odds that their claim will be denied if they were hit by both storms.

Meanwhile, reforms enacted in Florida to encourage insurance companies to re-enter the state market have ended up leaving victims with little legal recourse to challenge claims decisions.

For the vast majority of affected residents, the financial loss from the storms will be nearly total. That’s because flooding caused much of the property damage — and most homeowners insurance policies do not cover any flood impact.

Read the full article.

Insurance ‘nightmare’ unfolds for Florida homeowners after back-to-back hurricanes https://t.co/KV5vVplKh0

— NBC Nightly News with Lester Holt (@NBCNightlyNews) October 13, 2024