What to Do if Your House is Flooded or Destroyed by a Hurricane

In the event you, your loved ones, or your family members have been impacted by the current hurricanes, our hearts are with you. We encourage you to make the very best selections to your security and well-being as info turns into out there for you and your loved ones. Storms corresponding to this demand our respect and a focus.

Please know that we’ll be working with out interruption to offer ongoing service. In the event you at the moment have a mortgage in course of, third events could have timelines affected by enterprise closings, which might doubtlessly have an effect on cut-off dates and turnaround instances on loans in course of. As these occasions unfold, we’ll talk with you rapidly to plan for any surprising modifications.

In case you are questioning what to do subsequent in case your property is destroyed or broken, we have offered steerage to take as a lot guesswork out of the early days as potential.

Who To Notify

If your property was totally or partially destroyed within the hurricane, step one is to contact your insurance coverage firm or agent.

You must also notify your mortgage servicer.

Hurricanes and House Insurance coverage

You’ll first need to learn your home-owner’s insurance coverage coverage (or insurance policies) to study what it does and doesn’t cowl.

Some insurance policies partially or fully exclude wind-related harm. If protection is offered, you will have to find out what protection limits will apply to your property’s construction and private belongings. 

Non-public owners insurance coverage insurance policies sometimes don’t cowl flood harm (except you bought a separate flood insurance coverage coverage). Nonetheless, if a hurricane wind damages your roof, and rain will get in because of this, chances are you’ll discover that owners insurance coverage provides some safety in case your coverage contains protection for wind. 

Learn your insurance coverage coverage rigorously and make contact with your native insurance coverage agent with questions on your particular circumstance.

FHA Catastrophe Aid for Hurricane Victims

If your property is positioned in a Presidentially declared catastrophe space, chances are you’ll qualify for the FHA 203(h) Catastrophe Aid Mortgage.

The FHA 203(h) mortgage could also be used to finance the acquisition of a brand new house with no down cost and favorable phrases. In the event you plan on buying a brand new house, the brand new house needn’t be positioned within the space the place the earlier home was positioned.

What To Do About Your Present Mortgage

If your property was broken, you must proceed to make your mortgage funds.

In case your mortgage mortgage is being serviced by American Pacific Mortgage, do not hesitate to contact us immediately for help: 855.585.4666.

In the event you resolve to restore or rebuild your property, there will probably be no modifications to your mortgage phrases throughout or after the rebuilding course of. After the house is repaired or rebuilt, you’ll be able to refinance or promote the property.

We admire you trusting us to assist on this time of want. Please be at liberty to tell us if we may help in any manner.