The Flood Insurance Mistake That Cost Self Storage Owners Everything
In this segment, the speaker recounts the devastation caused by Hurricane Helene in Western North Carolina, particularly Asheville, roughly two years ago. He emphasizes that many property owners—including self‑storage facility owners—were caught off‑guard because they either lived outside designated flood zones or believed they were safe, and consequently did not carry flood insurance. This lack of coverage led to total loss of buildings and assets when the storm’s flooding destroyed or demolished structures. The narrative underscores a common “it won’t happen to me” mindset that left owners financially vulnerable.
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