Reported about 14 hours ago
Hurricanes can devastate homeowners even with insurance coverage, leaving them in long-term financial struggles. For instance, victims of Hurricane Ian like Jason Johnson have faced significant debt and expenses far beyond their insurance payouts. Research shows that communities often experience rising bankruptcies and missed debt payments for years following a disaster, as rebuilding costs and recovery challenges mount. Additionally, many individuals are compelled to delay retirement plans, while others grapple with declining credit scores, underlining the relentless financial burden that natural disasters can impose.
Source: YAHOO