When Florence's still-rising floodwaters finally subside, the coastal Carolina regions that have suffered the worst of the storm's wrath will begin to rebuild. But for many, the question remains: With what money? Only about 10 percent of housing units have flood insurance in many of the areas Florence drenched, and homeowners expecting to rely on Federal Emergency Management Agency (FEMA) help to rebuild will be sorely disappointed.
Similar Stories to Most Coastal Carolina Homeowners Don't Have Flood Insurance To Help Rebuild After Florence on Bing News
The Week - Business, The Week: Business
Tue, 09/18/2018 - 7:13am
BING NEWS:
- Sen. Rick Scott unveils plan to lower flood insurance premiums amidst FEMA stripping discounts
As many Florida homeowners have been stripped of their flood insurance discounts by FEMA, U.S. Senator Rick Scott said he has a plan to help lower the costs of rising premiums.
05/2/2024 - 12:05 pm | View Link - Soaring Insurance Costs Could Force House Prices To Fall—and Some Homeowners To Forgo Coverage
Experts say that eventually only the very wealthy and investors may be able to afford homes along the storm-prone coasts and wildfire-prone parts of the West. Everyone else, including retirees on ...
05/1/2024 - 11:05 pm | View Link - Florida lawmakers introduce new bill that could save money on flood policies, attract homeowners
Florida lawmakers introduced a new bill that could save customers money on flood policies and encourage more homeowners to get insurance.
05/1/2024 - 3:10 pm | View Link - Florida lawmakers propose making flood insurance tax deductible after costs soar
Florida lawmakers have proposed a new bill that they hope will mitigate the rising cost of home insurance in the Sunshine State.
05/1/2024 - 7:41 am | View Link - North Carolina Tried to Rebuild Affordable Housing After a Hurricane. It Took Half a Decade.
Replacing affordable housing after disasters can be challenging, especially in small towns and rural areas. North Carolina tried to jump start housing replacement by using HUD money in the small city ...
04/28/2024 - 10:59 pm | View Link - More
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