Additional Coverage:
- Homeowners hit by Hurricane Helene face the grim task of rebuilding without flood insurance (newsbreak.com)
Hurricane Helene Ravages Southeast US
Hurricane Helene, a Category 4 storm, has devastated the Southeast US, causing widespread flooding and destruction. Over 200 lives have been lost, making it the deadliest hurricane to hit the mainland since Katrina.
Flood Damage a Major Concern
Homeowners in affected areas are struggling to cope with the aftermath. While some damage is covered by home insurance, flood damage is not. This has left many homeowners in financial distress.
Lack of Flood Insurance
Despite the high risk of flooding, only 6% of US homeowners have flood insurance. This lack of coverage has left many vulnerable to financial ruin.
FEMA Assistance Limited
FEMA is providing assistance to those affected by Helene, but its funding is limited. The National Flood Insurance Program offered by FEMA only covers a limited amount of damage.
Calls for National Disaster Insurance
Experts believe that a national disaster insurance program is needed to address the growing financial burden of natural disasters. Such a program would provide comprehensive coverage and ensure that all homeowners have access to the financial resources they need to recover.