Many residents of the Jersey Shore saw their homes devastated when tropical storm Sandy made landfall on October 29th of last year. Adding insult to injury, most homeowner’s insurance policies have classified the damages from Sandy as being attributable to flood damage, as opposed to wind, and denied coverage. This leaves hundreds of homeowners with only their limited flood insurance to compensate them and help them rebuild. It begs the question: in situations where the value of their homes exceeds their flood insurance coverage, why didn’t their brokers suggest supplemental flood coverage?
If you have inadequate flood insurance to cover the property damage your home suffered as a result of Sandy and used a broker when you purchased your insurance, you may be entitled to compensation. Please contact Keefe Law Firm immediately to speak with an attorney. All consultations are free of charge.