Reply #14: I see where you're coming from. I am assuming the landlords are [View All]

[SillyGoose]

properly insured with homeowners and flood insurance. I have multiple rental properties. If I were to find myself in this position my insurance would cover my property losses but not my rental income loss. That would be taken as a loss on my income tax. I wouldn't have to file bankruptcy.

My point was that a contractor or employee of a contractor in Vermont is in a much better position should he or she lose a job or contract as a result of the storm since they have not suffered a catastrophic loss like the Katrina victims. There is a difference there.

(edited for clarity)