The SBA said disaster survivors should not wait to settle with insurance companies before applying for disaster loans. Also, Milton, Helene insurance claims increased.
Operation Blue Roof, which provides free tarps for damaged homes, opened for applications, and HUD announced a 90-day foreclosure moratorium on FHA-insured mortgages.
The back-to-back hurricanes that swept across parts of Florida have caused billions in damages, according to the latest insurance estimates.
Homeowners, renters and small businesses in Florida counties hit by Hurricane Milton can now apply for FEMA aid and state bridge loans for disaster recovery.
Realtors and residents affected by Hurricanes Milton and Helene can apply for financial assistance and programs that offer aid for damaged homes and offices.
Information is available that will help Realtors protect their businesses and customers including infographics that address immediate needs.
The storm is expected to weaken before it makes landfall, likely in the Tampa area on Wednesday. It could grow in size before moving across the state.
As of Oct. 2, the total estimated insured losses for Florida from the storm are $777,772,440 and 79,360 claims. Business resource centers have opened.
A Florida Office of Insurance Regulation order bans insurance cancellations or nonrenewals in impacted areas, unless requested by the policyholder, until late November.
Unemployment assistance is available to those who lost jobs or self-employment due to the hurricane. The Florida Realtors DRF donated to NAR’s Realtor Relief Fund.
