US insurance firms unlikely to cover $1 billion in home damage after record-breaking drought

Thousands of US homes are in critical disrepair as the country continues to suffer from this summer’s record-breaking drought. And the damages are unlikely to be paid by insurance companies. ­As moisture is sucked away from the ground, houses are shifting, cracking and racking up huge repair bills for surprised homeowners – bills that insurance companies rarely ever cover. Some repairs have topped $100,000, causing some homeowners to plunge into… Read More »