FEMA's 50% rule causes confusion for homeowners

Name: FEMA's 50% rule causes confusion for homeowners
Uploaded: 2024-10-24T23:57:48Z
Duration: 1 min 2 s
Description: Many homeowners have turned to FEMA for help recovering from Hurricanes Helene and Milton, but confusion is growing over the agency’s 50-percent rule. The rule, which applies to homes in flood-prone areas, limits repair costs to 50 percent of the home’s market value.

Many homeowners have turned to FEMA for help recovering from Hurricanes Helene and Milton, but confusion is growing over the agency’s 50-percent rule. The rule, which applies to homes in flood-prone areas, limits repair costs to 50 percent of the home’s market value.

Posted October 24, 2024 7:57pm EDT