(Reuters) – Insurers that cover New York residents whose homes suffered damage from the superstorm Sandy are required to accept homeowners' documentation of losses rather than send inspectors to survey the damage, a state regulator said on Monday.
New York Governor Andrew Cuomo directed the state's Department of Financial Services to issue the order so that residents will be able to discard debris before a second storm hits the region later this week.
The state also imposed a 30-day moratorium on canceling or terminating insurance policies for homes and small businesses, even if the policy-holders do not pay premiums.
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