Quote:
Originally Posted by Swoop
It’s interesting that insurance companies will pay to rebuild a house located below sea level in New Orleans. But if you live in Monroe County Florida they won’t pay to rebuild your first floor…
I lived in Key Largo for 12 years and if we had flood or storm surge damage to our first floor from a hurricane, we were not covered by our insurance. And FEMA made it clear they had no intention of helping.
Maybe it’s the demographics…
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I ? if it is the demographics. Lived/worked in South Florida as insurance adjuster. Appears you did not have a flood policy. In Florida Keys, most structures are just above sea level and there is not any levee/dam. New Orleans did some major changes to the levees after Katrina in 2004. Glad to see there are code restrictions which require that new housing should be on stilts. We do need to find ways that insurance companies including flood insurance dis continue to allow insurance to be purchased in these areas and I include areas such as fire prone areas in the western states.