we had three rooms damaged by Isabel. Also our foundation, Prudential insur didn’t cover any thing but our fence that was blown down. we are 64 and 61 we thought that prudential would take care of us. We were wrong ,we even had foundation insur. we found out later that our furnace doesn’t work and we have elec. problems also If we don’t get a loan we will have to just accept it. the way things are
Bottom line is this. I bought protection against flood at the highest level offered by the NFS program. The description of protection as “Replacement Settlement” taken directly from the FEMA document for the Standard Flood Insurance Policy reads.
“Replacement Cost settlement applies to a single-family dwelling provided it is your principal residence for the preceding 365 days prior to the loss and was owner occupied at least 80% of the time.” “At the time of the loss the amount of insurance on this dwelling was 80% or more of the replacement cost prior to the loss”
With those requirements met, this is the settlement I should have received, again taken directly from the FEMA document.
“We will pay to repair or replace the damaged dwelling after application of the deductible and without deduction for depreciation, but not more than the least of the following amounts.”
(1) The building limit of the liability shown on your Declarations Page;
(2) The replacement cost of that part of the dwelling damaged, with materials of like kind and quality, and for like use; or
(3) The necessary amount actually spent to repair or replace the damaged part of the dwelling for like use.
With that said, can someone tell me why, I have received $53,000 less than any of the above conditions direct I will be paid, while spending an amount greater than $53,000 above the amount paid to me to bring my home back to pre-flood condition with one less fireplace than I had and a lesser quality kitchen in the house after the rebuild?
This program is broken and people are suffering. I have not lived in my home since September 19, 2003. My home is not completely rebuilt to the point where I can move back in more than 13 months after Isabel took it from me!
I too have been in a trailer for over a year, with 190,000 coverage i only received 83,000.00, which left a shortage of 74,000.00 for repairs. i own a grocery store and have taken every penny i have out of there so i could provide a home again for my children. Now I am almost certain thati will have to close my store as i no longer have any money to continue on. This was a life long dream for me and thanks to nfip they ruined my life. Something is terribly wrong with our government to allow this to happen, we get up everyday go to work pay taxes and insurance, dont ask for any handouts,but yet the good people have to suffer.
There’s a movie about an insurance company who keeps denying a medical procedure to save a man’s life when all of the time it is a “covered” cost. They keep rejecting the procedure till the man dies. That was how they handled all of their claims.
When I first saw it, I thought that this was a total fabrication and could never happen in the real world.
I was so wrong.
Please review the web site- FEMAINFO.US and refer to “Legal Actions” and go to the “Class action lawsuit” section. Read the list carefully of the companies that are listed and avoid them at all costs.
There’s no point on purchasing flood insurance that denies coverage and puts people through this nightmare that never ends.
How do you insurance people sleep at night after what you put us all through?
Have you no conscience?
Theis comment “In March the U.S. Senate took the unprecedented step of directing FEMA’s NFIP to reopen 24,000 flood claims and conduct an independent review – the largest such event in FEMA’s history.” should continue to say that many of the same adjusters and adjusting firms worked on the review. As such I would not call this an indepentent review.
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we had three rooms damaged by Isabel. Also our foundation, Prudential insur didn’t cover any thing but our fence that was blown down. we are 64 and 61 we thought that prudential would take care of us. We were wrong ,we even had foundation insur. we found out later that our furnace doesn’t work and we have elec. problems also If we don’t get a loan we will have to just accept it. the way things are
Bottom line is this. I bought protection against flood at the highest level offered by the NFS program. The description of protection as “Replacement Settlement” taken directly from the FEMA document for the Standard Flood Insurance Policy reads.
“Replacement Cost settlement applies to a single-family dwelling provided it is your principal residence for the preceding 365 days prior to the loss and was owner occupied at least 80% of the time.” “At the time of the loss the amount of insurance on this dwelling was 80% or more of the replacement cost prior to the loss”
With those requirements met, this is the settlement I should have received, again taken directly from the FEMA document.
“We will pay to repair or replace the damaged dwelling after application of the deductible and without deduction for depreciation, but not more than the least of the following amounts.”
(1) The building limit of the liability shown on your Declarations Page;
(2) The replacement cost of that part of the dwelling damaged, with materials of like kind and quality, and for like use; or
(3) The necessary amount actually spent to repair or replace the damaged part of the dwelling for like use.
With that said, can someone tell me why, I have received $53,000 less than any of the above conditions direct I will be paid, while spending an amount greater than $53,000 above the amount paid to me to bring my home back to pre-flood condition with one less fireplace than I had and a lesser quality kitchen in the house after the rebuild?
This program is broken and people are suffering. I have not lived in my home since September 19, 2003. My home is not completely rebuilt to the point where I can move back in more than 13 months after Isabel took it from me!
I too have been in a trailer for over a year, with 190,000 coverage i only received 83,000.00, which left a shortage of 74,000.00 for repairs. i own a grocery store and have taken every penny i have out of there so i could provide a home again for my children. Now I am almost certain thati will have to close my store as i no longer have any money to continue on. This was a life long dream for me and thanks to nfip they ruined my life. Something is terribly wrong with our government to allow this to happen, we get up everyday go to work pay taxes and insurance, dont ask for any handouts,but yet the good people have to suffer.
There’s a movie about an insurance company who keeps denying a medical procedure to save a man’s life when all of the time it is a “covered” cost. They keep rejecting the procedure till the man dies. That was how they handled all of their claims.
When I first saw it, I thought that this was a total fabrication and could never happen in the real world.
I was so wrong.
Please review the web site- FEMAINFO.US and refer to “Legal Actions” and go to the “Class action lawsuit” section. Read the list carefully of the companies that are listed and avoid them at all costs.
There’s no point on purchasing flood insurance that denies coverage and puts people through this nightmare that never ends.
How do you insurance people sleep at night after what you put us all through?
Have you no conscience?
Theis comment “In March the U.S. Senate took the unprecedented step of directing FEMA’s NFIP to reopen 24,000 flood claims and conduct an independent review – the largest such event in FEMA’s history.” should continue to say that many of the same adjusters and adjusting firms worked on the review. As such I would not call this an indepentent review.