Climate change and insurance: What homeowners need to know
More than a month after Hurricane Ida flooded her basement, Jessica Rose and her three children are still homeless. The 35-year-old mom from Haverstraw, New York, has been moving from motel to motel, looking for cheaper and cheaper deals -- and in the process, moving farther and farther away from her children’s school. The morning after the storm, when the local fire department arrived to see whether they could help pump some of the water out of her basement, they found that the water levels were dangerously close to the electrical panel and posed a fire hazard. The town, 42 miles north of New York City, immediately declared the dwelling unsafe and sealed off the property. Rose, who doesn’t have any kind of insurance, says she’s at the end of her rope. “I have to pay out of pocket for everything,” she says. “I’ve run out of money. It's horrible” She hasn’t yet heard from the Federal Emergency Management Agency on the assistance she might be eligible for. ►Is a housing crash coming...