Christie Administration Takes Action to Protect Storm-Impacted New Jersey Homeowners from Higher Insurance Deductibles

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By Newjersey RealEstateRama -

Trenton, NJ – November 2, 2012 – (RealEstateRama) — Taking action to save homeowners money following Hurricane Sandy, Governor Chris Christie signed Executive Order 107, prohibiting insurance companies from imposing costly hurricane deductibles on New Jersey homeowners. An important part of the recovery of New Jersey will be the influx of funds that occurs when insurers settle claims by New Jersey homeowners. This action will increase the total size of the payments made by the insurance industry, helping residents rebuild their homes and speed New Jersey’s path to recover

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