Bridgette Bello purchased flood insurance, a hurricane-specific policy, and regular homeowners coverage to protect against Florida hurricanes. After being hit by hurricanes Helene and Milton, she faced delays and denials on her damage claims. The insurance industry categorized the storms as separate events, making it challenging for those hit by both storms to receive coverage. Many residents lacked flood insurance, resulting in significant financial losses. Insurance policies often exclude certain types of damage, leading to denials for many victims. Victims like Patti Drew without insurance are left with limited options for financial assistance. The National Flood Insurance Program only covers up to 50% of property value, leaving many homeowners with a financial burden to rebuild. As victims face financial challenges, the insurance industry has become more incentivized to deny claims due to recent reforms limiting legal action against insurers. Calls for more comprehensive reforms in Florida’s insurance industry have been made by state officials in response to the challenges faced by hurricane victims.
Photo credit
www.nbcnews.com
