A bill heading to Gov. Chris Christie's desk would prevent mortgage foreclosure for New Jersey homeowners whose houses were damaged by Superstorm Sandy.
Beginning next month, thousands of Hurricane Sandy victims will begin receiving letters asking whether they want to reopen damage claims if they feel their initial claim was wrongfully denied or they don't believe they received a fair settlement.
In the coming weeks, FEMA will reach out to all homeowners who filed Superstorm Sandy flood insurance claims -- informing them they can re-open their cases if their claims were denied, or if they feel they did not get a fair settlement. One expert warns that, for some victims, there may still be challenges ahead.
Could you be turning your back on tens of thousands of dollars you need to rebuild from Superstorm Sandy by settling your insurance claims too quickly?
Insurance companies have settled an estimated 93 percent of Superstorm Sandy-related claims in New Jersey and New York, but that still leaves another seven percent, or tens of thousands of people, who continue to seek the funding they feel they deserve.
Insurance companies in New Jersey and New York have settled 93 percent of Superstorm Sandy-related claims, according to the Insurance Information Institute.