Florida family blames loophole in National Flood Insurance policy for coverage denial
A family in
The family said
Homeowner
"He told me that he had received the prior loss report," Jensen said of what her insurance adjuster told her. "He looked at it, and it was the worst case scenario and that from the prior loss report, from the pictures, it was clear that the house was in the exact same state when he viewed it."
Now, her family is on their own, forking over tens of thousands of dollars to repair their home, and now they won't get reimbursed.
"Even down to the appliances that have the same serial number from the prior loss claim," she said.
What's happening to Jensen's family could happen to anyone buying a national flood policy.
There was no public record to check to see if there was prior damage that wasn't repaired.
Still, the family was sold the expensive policy.
"It's worthless, unless we flood again after we've made all these repairs at which point we could use it because it's all new materials," she said, noting she would not have bought the property had she known about the unrepaired damage or
Jensen said
That leaves her questioning why she was sold this policy in the first place.
Consumer Investigator
* Currently, flood insurance is like other lines of insurance, such as auto and homeowner insurance, where a customer may receive a claim payment but may choose not to complete those repairs. As many states change their disclosure laws to require property owners to disclose prior and existing damage to structures, it will allow new owners to obtain the claim history for a structure and make informed decisions regarding their properties.



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