COST OF LIVING FORCES CUTTING SECURITY
Most homes in Helene’s path didn't have flood insurance. Only 2% of the homes hit by Hurricane Helene in Georgia, North Carolina, and South Carolina had a policy protecting them against catastrophic flooding, according to an analysis by Politico and E&E News. The storm tore through six states, killing at least 200 people, with particularly sweeping devastation in the mountainous parts of western North Carolina, where few people saw it coming.
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Homeowners there don’t usually have flood insurance, either because they aren’t expecting heavy hurricane damage that far from the coast or because they can’t afford it.
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S: Morning Brew
@Madken65 Flood insurance is one of the bigger rip offs of the insurance industry, but if you live in a flood plane you have to have it to get a mortgage. I had it for 15 or so years, it didn’t cover anything but the structure, and went up every year as insurance tends to do. It used to be not too bad price wise but then the feds decided they weren’t going to handle it and turned it over to private insurance. After that I went up drastically.