Hurricane Sandy Info for Staten Island

Hurricane Sandy Help & Information

raritan_bay_400Find articles and information about real estate, financing, housing and government sponsored help surrounding Hurricane Sandy. We will keep you posted regularly on programs and assistance to help you navigate a series of information that is being disseminated from various agencies both private and public.

Found 11 blog entries about Hurricane Sandy Info for Staten Island.

We always try to keep on top of Staten Island's real estate progress. And there is always much to talk about with this ever-changing borough!

But it's also interesting to reminisce on those projects lost to the wind too. What could have been, you may wonder? Were they better off unfinished?

So in reverse order, let's count down the Top 6 White Elephants in Staten Island real estate before these strange events are left in the sands of time.

6. Fast Ferry

 

 

We are certainly grateful to have a free 24/7 ferry leaving from St. George every 30 minutes that docks in Manhattan. However, residents on Staten Island's South Shore face the longest commute times in the country- about a quarter of them have commutes of at least two hours each

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Staten Island was once a very different place than it is today. So many of the things we take for granted about our way of life were not always this way. In this live video segment, we tackle the Top Ten events that changed Staten Island forever.

Correspondent Hannah Jay and Broker/Co-Owner Anthony Licciardello run the gamut through more than three centuries taking us into the modern day. Who were the first European settlers on Staten Island? How much did Staten Island cost to purchase from the Lenape tribe? And, how did people get to the island before the first bridge was built in 1928? What was the main event that changed the infrastructure, demographics, and culture of Staten Island in such a short time?

But many of these events are

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March has been a crazy month for weather! As we wait on the precipice of yet another snowstorm this evening, we reflect on the worst storms Staten Island has seen in a lifetime. Correspondent Hannah Jay interviews broker and co-owner Anthony Licciardello as they count down the 7 Most Severe Staten Island Storms.

Some of these storms are record holders; others can't be quantified in their toll on our lives. All have one thing in common- their destructive impact that lasted long past the storm itself.

Staten Islanders will find a few of these in our recent memory, while others provide a history lesson for younger residents. As each winter goes by, it makes for uncertain times during blizzard and Hurricane seasons. Many of you will remember the unease

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On October 29th, 2012, Hurricane Sandy hit New York City and the tri-state area. The flooding that had occurred caused a lot of damage to many homes and businesses. Some of these establishments being completely destroyed. Staten Island was a borough that took a large hit that stormy night. Now, four years later, new houses are being rebuilt and businesses are reopening, but is this process taking too long? While many will say it has, no neighborhood in New York City has seen a rapid change like Oakwood Beach in Staten Island has. 

In Oakwood Beach, many houses that were destroyed, having to be demolished due to all the damages that happened. What was once rows of houses and apartments that lined the street in the quiet oceanfront neighborhood, are

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When buying a home, flood insurance is a tricky subject.

According to Realtor, it is not the real estate agent’s responsibility to know if a certain home needs flood insurance, but it is their job to disclose all adverse material features, conditions, and aspects of the property.  If an agent does know that it needs flood insurance, has had it in the past, or that the area has recently flooded or is subject to flooding, they must disclose this information.

If the agent knows about these terms, they also should let the buyer know about the new Reform Act for flood insurance and the fact that the rates for the insurance policies will be higher than what the other homeowner paid.  They may not need to know in exact detail about it, but they should be

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If you will be purchasing a home in an area at risk for flooding—whether it be a high- or low-risk area—there are a few things you need to know about flood insurance.

First off, did you know that flood insurance not only protects your home or business’ structure, but also some of the contents, or personal property, inside of the home?  When purchasing flood insurance for a home or business, you can choose the amount you want covered, just like car insurance.  For the structures, flood insurance covers up to $250,000 for residences, and up to $500,000 for businesses.  If you want extra coverage for your home, business, or its contents, you can purchase an additional insurance policy through another company.

Secondly, did you know when you first buy

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The National Flood Insurance Program has been around for quite some time.  Recently, however, with storms coming in stronger each year, there have been an increasing number of homeowners putting in claims from these disasters.  Since not all of the homeowners that put in claims had flood insurance, this put a burden on taxpayers’ money to create federal assistance programs to help fix the damaged homes.

The National Flood Insurance Program was originally passed by Congress in 1968.  This program makes flood insurance accessible to homeowners, renters, and business owners in areas where the program was adopted—New York City being one of them.  With the National Flood Insurance Program adopted, it helped many looking for flood insurance to be able to buy

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Assistance with federally backed home mortgages announced.

home_in_eltingville_400If you have fallen victim to Hurricane Sandy and have a mortgage loan that is backed by Fannie Mae, Freddie Mac, or the Department of Housing and Urban Development (HUD) there may be help for you.These three programs have put together some ways of helping you with your mortgage while you repair or replace your home, due to the damage from Hurricane Sandy.

For those of you who have a Freddie Mac backed mortgage, here are some options they are putting out for you, but it is case-by-case. Freddie Mac is waiving late fees and penalties and will either bring down the amount of your payment or let you not pay it for up to 12 months. They will put off the foreclosure of your home or the eviction

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If your property received an extensive amount of damage due to Hurricane Sandy, you may qualify for the Casualty Tax Deduction. I know, it sounds great, right?  Well, as with most good things, there's a catch. There's a lot of work that goes into the process and there are limitations.


damaged_roof_Hurricane Sandy Staten IslandAccording to the Internal Revenue Service, "a casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual." Included among these events are earthquakes, floods, mine cave-ins, sonic booms, storms, and vandalism.

There are two types of casualties: those which occurred in a federally declared disaster area and those which did not. The State of New York was declared by the president as a disaster area.

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goodall_st_flooding_in_great_kills_400Homeowners insurance policies come in all types of packages and have different coverages. Since there are different packages and policy types, we are going to show you what the standard homeowners insurance covers. (This is not a full list of coverage; check your own policy to see what is covered.)


Standard homeowners insurance should cover:


• Fire, lightning, windstorm, hurricane, hail, weight of snow or ice, falling objects, and vehicle or aircraft damage to your home

• Burglary, theft, vandalism, malicious mischief, and glass breakage

•Explosion, riot commotion, and civil commotion

• Water from or freezing of plumbing systems, electrical damage to appliances, electrical wiring, and water heaters or heating system breaks

• Detached garages,

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