12 Thoughts on Why does sandy need relief funds if everyone has insurance?
  1. Reply
    August 9, 2013 at 5:31 am

    I think those people did not have flood insurance.

    Your dad is correct! No reason for the taxpayer to bail out losses to make up for their stupidity!

  2. Reply
    Insurance Pickle.com
    August 9, 2013 at 5:47 am

    Home insurance doesn’t cover floods. Nobody is required to have flood insurance unless your mortgage company requires it.

  3. Reply
    August 9, 2013 at 6:12 am

    Many people never have insurance.
    Where did your father get such incorrect information.
    A catastrophe such as Sandy created, can put insurance companies out of business.
    There is much more than houses and contents to be replaced.
    He needs to use some common sense.

  4. Reply
    August 9, 2013 at 7:08 am

    1. not everyone has insurance. And for those that do, the claims can only be worked one at a time. The insurance companies are bringing in extra man power to work the hundreds of thousands of claims, but it’s still going to take time to get all those claims worked.

    2. the standard homeowners policy does not cover flood damage. It’s likely that very few people up there purchased flood coverage. Floods are traditionally not a big risk there.

    3. additionally things like roads, bridges, traffic lights/signs etc that were destroyed are not insured. The state has to replace those things. The homeowners and businesses need those things repaired quickly so they can get back to work to be able to pay their bills.

  5. Reply
    August 9, 2013 at 7:42 am

    First of all, not everyone has adequate insurance and some have none. Secondly, some insurance companies are denying claims because they dont have the right coverage and that leaves homeowners with no help. Thirdly, when they have made a claim to rebuild their homes, their premiums are jacked up many times what they originally paid and they have to drop the insurance. I heard a phone interview with a victim whose insurance went from $ 600 a year to $ 6000. Fourth, the Sandy relief money is for the roads, the services, the infrastructure and for businesses. For all the areas that were damaged and all the business that was lost due to the hurricane and that is for New York and New Jersey and probably Delaware and Maryland on the coasts.

  6. Reply
    August 9, 2013 at 7:44 am

    Unfortunately, insurance does not cover every aspect of natural disasters or occurrences. For example, earthquakes, floods and hurricanes are not covered by the basic insurance polices. So, you will need to purchase additional insurance coverage and those are not required by the state. Besides that, most people cannot afford those additional charges. Hence, those unfortunate individuals and their families will have to rely on relief funds given by the government or organizations.

    Relief funds allocated by the government will provide for victims of Hurricane Sandy with basic necessities (hot food, clean water & shelter), temporary housing (for those whose houses have been destroyed by the floods and whatnot) and not to mention, medical & psychological support and trauma counseling for children and families.

    Besides that, the funds also cover relief and cleaning supplies for volunteers and workers to use in cleaning the city or state. Other than that, the relief funds are also distributed to separate organizations, foundations, institutions, agencies, churches and individuals in order to aid recovery.

    Hope this answers your question~

  7. Reply
    August 9, 2013 at 8:15 am

    1. Not everyone has insurance.
    2. Insurance companies are not able to pay for flood damage to homes, or to anything in a home, except vehicles. Comprehensive insurance, which is not required by law, pays for flood damage to cars. Homeowner’s insurance is not able to pay for flood damage to anything.

  8. Reply
    August 9, 2013 at 8:48 am

    all the flood people are right. but insurance companies dont cover the street flooding, streetlights, municipalities, infrastructure repair, etc.

  9. Reply
    Quick Answers
    August 9, 2013 at 9:10 am

    Because flood insurance is through the government and the agency tasked with handling claims ran out of money.

  10. Reply
    August 9, 2013 at 9:34 am

    First off everyone does not have Insurance and secondly most homeowners policies do not cover flood(rising water) damage. Most of the damage was caused by a combination of wind and flood, so the property owners will only receive limited repair cost. Flood insurance is only available through FEMA and is very expensive, so most people do not buy it.

  11. Reply
    August 9, 2013 at 10:20 am

    Majority don’t have flood insurance and that 60 billion will not go to homeowners but the the City to repair public buildings, roads, beach front, subway, bridges and pay for clean up and disposal of debris. Homeowners have to apply to FEMA and hope they see 1k
    The top amount FEMA pays out is 30k and that is only to homes totally destroyed and that building lot MUST remain vacant forever.

  12. Reply
    August 9, 2013 at 10:32 am

    Everyone DIDN’T have insurance. Less than 25% of Sandy victims had any flood insurance, and you probably don’t realize it, but flood insurance has a MAXIMUM payout of $ 250,000 per home. And many, many, MANY of those homes are WAY over that value.

    So, most people didn’t HAVE insurance.

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