I am not sure what is really going to happen to those people who lived in the poor part of town. If they rent, it will be years before new rental properties come on line and people who own older homes probably won't be able to afford to rebuild. We still have thousands of people in trailers at "FEMA village" in Punta Gorda with no idea of how they can leave or where they would go.
I bet more than half of these people are not insured. Flood, Windstorm and homeowners (3 separate policies) can easily be $3000 or more a year for a shack. Windstorm will typically have a 10% deductible that you have to pay up front, if you do buy it. For these folks, it might as well be a million.
