The exact financial impact will become apparent over time as insurance claims roll in. That is traditionally separate coverage purchased through the federal government’s National Flood Insurance Program, although some homeowners may have purchased flood coverage through a private insurer. And wind and flood-caused property damage to a personal vehicle is covered under an auto insurance policy’s optional comprehensive coverage, according to the Insurance Information Institute. Ask your insurance agent or claims representative for details on your coverage and limits. President Donald Trump has approved major disaster declarations for numerous counties in North and South Carolina.

Source: National Post September 22, 2018 12:00 UTC