FEMA's 50% rule causes confusion for Florida's homeowners

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Published  October 24, 2024 9:03pm EDT
FOX 35 Orlando
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FEMA's 50% rule causes confusion for homeowners

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.

ORLANDO, Fla. - 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% of the home’s market value. For example, if a home is valued at $100,000, FEMA will cover only up to $50,000 in repairs. If the damage exceeds that amount, the homeowner must cover the rest.

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However, residents across Florida say the 50% rule isn’t enough to cover their losses.

Homeowners can appeal if they believe the estimate from the city inspector is too low. They have the option to get a private appraisal, which the city will also accept.

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