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 8 blog entries about Hurricane Sandy Info for Staten Island.

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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hurricane_sandy_goodall_400On Saturday, October 29th, President Obama signed a Major Disaster Declaration for New York in Hurricane Sandy's aftermath.  In order to assist those whose homes were damaged from Hurricane Sandy, the Federal Emergency Management Agency is willing to provide these victims with temporary housing.

To qualify for assistance:

  • Your property must not be covered by your insurance
  • You or someone you live with must be a citizen of the United States, a non-citizen national, or a qualified alien
  • The damaged home must be your primary residence or the residence in which you reside for the majority of the year
  • You must not be able to reside in your home at the present

Normally, you will not qualify for disaster assistance if you have insurance. 

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