What about people with mortgages, or equity loans?

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Maybe their home is mortgages, or perhaps they took out an equity loan to pay for some medical issue.
With no insurance to cover the loss of the home, much less the contents...what are these people to do?
They will not be able to declare bankruptcy...so will they have to continue to pay on a home they no longer own with jobs they no longer have?
Then you have people whom maybe they had no mortgage, but they did not have insurance, either. Flood insurance is very expensive and not everyone qualifies...even if they COULD afford it.

We have a problem...a huge problem.