New York Sen. Kirsten Gillibrand has asked the Federal Emergency Management Agency to review rules that resulted in insurance coverage denials for some Superstorm Sandy victims.
Gillibrand’s letter this week came after reports that the National Flood Insurance Program is denying claims to thousands of homeowners who have costly damage to their foundations due to Sandy. Currently, a FEMA provision states that the agency does not insure property loss caused directly by earth movement, even if the movement is caused by a flood.
Gillibrand says it’s not right for “bureaucratic fine print” to stand in the way of getting homeowners back on their feet. She wants the denials reconsidered.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Fix for Insurance Crisis Puts More Risk on Homeowners
Bodily Injury Is Now A Big Share of Auto Claims Payouts. Is AI to Blame for That Too?
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford
Binance Claims RedotPay Diverted Users in $470 Million Lawsuit