Flood Insurance Is Still Not Enough
Despite the fact that flood insurance premiums increased on Oct. 1, Hurricane Sandy flood victims are finding that insurance checks, which averaged $54,754, are not enough to cover the damages. Nearly 144,000 insurance claims have been filed since the storm. But, while about 92 percent of all claimants got at least some money, more than 30 percent are still seeking higher payouts a year later.
(Photo: AP Photo/Mel Evans)
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