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Hurricane Sandy versus Insurance Companies

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    This issue has been a rather sensitive subject, especially since the beginning of the 21st century. Even as early as hurricane Katrina in August of 2005, so many homeowners were subjected to everything from slight, to significant, to total losses, only to find that their homeowner's insurance was no good because it did NOT specifically cover flooding. And it made no difference how far from the nearest ocean they lived, other than the fact that those living closer to the ocean were more likely to have flood insurance, but certainly not even all of those had it. Now comes Sandy, at first announced as one of the top three damage causers in our history, and now maybe the most, or second most significant because of the number of homes involved in the densely-populated northeast. And with the number of homes, plus the fact that almost no one had specific flood insurance in that part of the country, the damages are probably now astronomical. So, what can be done about it? Does FEMA have the funds to rebuild that huge number of homes? I seriously doubt it. And how much will insurance companies help, especially in areas where the damage was wind-related only? When you think this country has endured the maximum, watch your back, as it seems these things are always lurking.