AHA - The Road Home: What You Need to Know About Assistance Available When Disaster Strikes: Federal & Lender Resources for Homeowners
When natural disasters strike like Hurricanes Irma and Harvey with such overwhelming and devastating consequences, Americans are quick to respond with emergency relief in the form of financial donations, food and clothing. However, homeowners need to be aware that in addition to losing the roof over their heads and all their possessions they are also in danger of being whipsawed by unexpected financial consequences form their mortgage lenders and services.
Here are some things homeowners need to know and what steps they can take to mitigate the impact of their losses and forestall additional hits on their already strained financial resources and emotions:
If you are getting ready to buy a house in a hurricane-impacted area:
If you have a home in a certified flood area covered by the National Flood Insurance Program:
Other federal resources:
What can you request form your mortgage lender/servicer?
What About Your Homeowner Insurance Policy?
Definitely contact your insurance agent to determine what might be covered. While it may not include major structural damage, it may cover some damage to the contents or personal possessions - depending upon the terms and conditions of your policy.
America's Homeowner Alliance is here to support you, as you may be facing these very challenging circumstances related to recent weather events. This is part our mission: to protect and promote sustainable home ownership for all segments of America.
TMC - Chief Operating Officer