Home
http://www.pnj.com/story/news/2014/05/24/fema-didaster-aide/9552621/
The person this story centers around is a Gulf Breeze widow who purchased homes with her late husband at the top of the housing bubble. She did not have flood insurance on her rental, which does not qualify for FEMA assistance, because it is a rental. Marines from NATTC helped gut the damaged areas of her rental home, but from the looks of the photo in the PNJ, it is going to take a fistful of cash to repair the damage. Quite a blow to someone who purchased property that is now worth much less than what they paid for it (post-2008 crash), as well as being half destroyed by flood waters.
After this recent flood, it is prudent for property owners to have fllood insurance, even if they are in Zone X. I just paid my flood premium for 2014, and it was $414 for the year for the maximum coverage FEMA offers (I live in Zone X).
The person this story centers around is a Gulf Breeze widow who purchased homes with her late husband at the top of the housing bubble. She did not have flood insurance on her rental, which does not qualify for FEMA assistance, because it is a rental. Marines from NATTC helped gut the damaged areas of her rental home, but from the looks of the photo in the PNJ, it is going to take a fistful of cash to repair the damage. Quite a blow to someone who purchased property that is now worth much less than what they paid for it (post-2008 crash), as well as being half destroyed by flood waters.
After this recent flood, it is prudent for property owners to have fllood insurance, even if they are in Zone X. I just paid my flood premium for 2014, and it was $414 for the year for the maximum coverage FEMA offers (I live in Zone X).
