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October 6, 2023
2 min read time

Navigating Flood Claims: An Interview with Attorney David Murray

Flood Claims and the FEMA 50% Rule

In a recent interview with WFLA, attorney David Murray offered insights on flood claims and FEMA's 50% rule. WFLA was conducting an investigation into a significant issue impacting homeowners in the wake of Hurricane Idalia: FEMA's 50% rule and what it means for those who have suffered significant damages.

Balancing Disaster Recovery and Flood Mitigation

The report focuses on FEMA's intricate '50% rule,' which could burden survivors of Hurricane Idalia with unexpected expenses. The regulation stipulates that for homes in a flood zone that sustain substantial damage, repairs exceeding 50% of their market value could require them to be rebuilt at a higher elevation. FEMA's rule aims to mitigate repetitive flooding and reduce the burden on the National Flood Insurance Program (NFIP) and taxpayers.

Policyholders have Options When Rebuilding and Facing FEMA's 50% Rule

Homeowners can challenge the rule either by appealing the tax appraiser's office determination of market value or by obtaining their own appraisal to argue the market value. Murray highlighted that, with the right representation, challenging this regulation can prove successful.

Empowering the Policyholders

At Murray Law Group, we are committed to representing insured individuals in insurance claim disputes, particularly when they encounter denials, delays, or underpayments of claims. This recent news story underscores the expertise our team brings to the table and our dedication to providing clients with the best guidance for their situations. Remember, Murray Law Group is here to advocate for your rights and ensure that you receive the treatment you deserve from your insurance company. Reach out to us today, and let us fight for you.