Of course, this is a huge concern for both home and business owners. However, the fact of the matter is, when there is widespread weather-related damage, everybody’s insurance cost is going to increase. If your area or zip code was an expensive area for the insurance company due to an “act of God”, you are impacted whether you file a claim or not. Remember, you pay (heavily) to insure your home for problems just like this.
Your mortgage company will often be listed on your insurance proceeds because they have a vested interest in the condition of your property. They want to make sure the work required is completed. Often, the mortgage company will send out an inspector to check on the progress or completion of the job.