NY to Aid Sandy Victims With Flood Insurance Woes
New York will use part of its share of billions of dollars in federal Superstorm Sandy aid to “fully compensate” storm victims who had insurance claims denied because of a hard-to-understand rule barring payments for damage caused by earth movement during a flood.
Hundreds of homeowners with cracked foundations and buckled floors have had insurance claims denied because of a FEMA rule barring payments if the damage was the result of “the flood contributing to differential movement of supporting soils.”
This article appeared in print on page 5 of edition of Hamodia.
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