The Consumer Federation of America (CFA) believes Hurricane Harvey could conceivably rival or exceed Hurricane Katrina in total flood damage but not likely in flood insurance payouts since, unfortunately, less than 2 in 10 homeowners with flood damage have federal flood insurance protection (separate policy from homeowner’s insurance). In New Orleans, it was approximately 1 in 2 homeowners were covered by federal flood insurance.
Because so many consumer’s experienced severe claim problems in the wake of Hurricane Katrina and Superstorm Sandy, they urge homeowners to be vigilant with their insurance companies, including the insurers settling National Flood Insurance claims, to ensure that they receive a full and fair settlement.
Please see CFA’s August 28 Press Release for tips regarding the filing of a Harvey claim here: here
The Consumer Federation of America is a national organization of more than 250 nonprofit consumer groups that was founded in 1968 to advance the consumer interest through research, advocacy, and education.