The strong Circular Letter was sent to insurance licensees in the flood-affected areas, 13 counties where Gov. George Pataki declared a disaster emergency. Heavy rains caused the flooding two weeks ago along the Susquehanna River by New York’s southern tier as well as by the Delaware River on the state’s Western edge.
There is a New York insurance law allowing the superintendent to “declare a moratorium precluding policy cancellations and non-renewals in areas of the state that have received a disaster or catastrophe state of emergency declaration from the governor.”
If I were living in a flood-affected area I would be none to happy if my homeowners policy was cancelled. At least wait until the area is no longer called a disaster emergency.
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