Long Island Learning From Hurricane Irene

As Hurricane Irene drenched the East Coast causing torrential rain, record high winds and power outages and life-threatening flooding, she also devastated many homes to the point of no repair. Between Wilmington N.C. and Boston (and of course including Long Island), nearly 1.9 million residences and businesses were at risk of storm surge flooding, according to CoreLogic, the financial analytics company.

Mortgage lenders require homes that lie within designated flood zones to be covered by flood insurance. This low-cost coverage is provided by the federal government and purchased through insurers. However, Hurricane Irene affected many homes that did not lie within a flood zone, therefore those home were not covered by flood insurance. Those particular homeowners are left with thousands and thousands of dollars worth of damages – CNN Money reports that the storm will total close to $7 billion in damages with only roughly $3 billion covered by insurance policies.

For the millions of people who were already struggling to make ends meet, damage from Irene could potentially mean bankruptcy. If you, or someone you know, is unable to pay for the damages left in the wake of the storm, it may be wise to contact a Bankruptcy Attorney.

Bankruptcy experts such as the Attorneys at Long Island Bankruptcy Firm Blutter + Blutter can help. Our Attorneys have been serving the residents of Long Island, Nassau, Suffolk, Brooklyn and Queens counties for over 40 years. Our experts specialize in bankruptcy and are able to help you see the light at the end of the tunnel. Monumental happenings such as hurricanes and other natural disasters, while devastating, can be a perfect opportunity for a fresh start.

If you are based in Long Island, Brooklyn, Queens or Nassau/Suffolk counties and are left with debt as a result of Hurricane Irene, contact the Law Offices of Blutter + Blutter We are here to serve you.