Gwenn likes to shift personal responsibility onto the government.
Why did\’nt Mrs. Chin buy the Preferred Risk \”Cheapo\” flood policy??? Even if she was in an \”A\” zone, and it was mapped incorrectly, she still would have had flood insurance.
Everyone should start voting for the Libertarian party. The party of \”self responsibility\”!!!!
#1 yes FEMA has done a GREAT job at re working the flood zone maps – according to one of the new and improved maps, my house now sits 10 miles INTO the Gulf.
Not sure what the Chin\’s argument is. If you look up any house on Intervale Rd Kennebunk, ME, they all show flood zone \”C\”. Yes, we are all in a flood zone and in over 16 years I have never seen a flood map stating not in flood area. Thier aregument is either with thier Insurance Agent, Lender or attorney they hired for the purchase.
25% of all flood losses occur in Non-Special Flood Hazard Areas: B, C & X Zones. Another $5 says the agent doesn\’t have a signed rejection form indicating the insured was aware taht flood insurance was available. Good to see that there are a number of agents on top of the program.
Speaking of flood map changes, is everyone up to speed on the \”Grandfathering\” provision in the NFIP?
Not only Grandfathering, but Conversion as well. The NFIP made it easier to convert policies on properties that are in an A or V zone and are newly mapped into a B, C, and X zone and qualify for a Preferred Risk Policy. The policyholder keeps the same effective date, any money not spent on the PRP is returned, and the agent gets to keep the commission on both policies! That way your client stays protected and at a much lower cost.
The Flood map is to give residents a warning that they are indeed living in an area which is prone to flooding. But ANY river, lake, stream, or pond has the potential to flooding. And any semi-educated person would know that. I feel bad for these people for what they have had to go through, but if you live near water, sooner or later, you WILL get wet.
Amen to those of you who believe it\’s the responsibility of the property owner – NOT the government – to decide whether or not flood insurance is necessary. The flood maps should be considered a REFERENCE, not the Bible. I live in a C zone, but there is a lake behind my house. To the best of my knowledge, my neighborhood has never flooded; however, I purchased a Preferred Risk Policy because you never know when Mother Nature is going to decide to let loose. My parents lived 1/4 mi from a creek in a \”low risk\” zone; however, after the creek overflowed its banks a couple of times, they went out and purchased a policy as well.
Actually BB I never used the term flood zone and I am well aware that we are all in a flood zone. Apparently you didnt read my post very carefully, hopefully you read polices more carefully.
As far as personal respncibility, the rebublican buzz phrase, dont you understand that we are all connected?
If I shoot you, are you personally responcible for your injuries? After all you were not wearing your bullet proof vest.
Basically all you guys have said is that it is completely wrong to base buying flood insurance on a flood map. So I ask you, if a flood map is incorrect and communicates to the homeowner that there is a low risk of flood, and that consumer then decides to take that small risk based on the govt produced map, doenst the map maker share some responcibility for the increased risk?
Thats right, the person who makes the map should have some personal responcibility. See how foolish it is to throw that buzz phrase around? It doesnt mean a dam thing. Its just an excuse to screw people over.
The risk of rolling a 99 on a hundred sided die is the same, even if the last number you rolled was a 99. Same thing with the flood map. Even if a low risk area floods. It does not mean the risk is, or ever was, greater.
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Gwenn likes to shift personal responsibility onto the government.
Why did\’nt Mrs. Chin buy the Preferred Risk \”Cheapo\” flood policy??? Even if she was in an \”A\” zone, and it was mapped incorrectly, she still would have had flood insurance.
Everyone should start voting for the Libertarian party. The party of \”self responsibility\”!!!!
Remeber the motto \”SOMEONE HAS TO PAY!\”
#1 yes FEMA has done a GREAT job at re working the flood zone maps – according to one of the new and improved maps, my house now sits 10 miles INTO the Gulf.
#2 its ALWAYS Dub\’s fault –
Not sure what the Chin\’s argument is. If you look up any house on Intervale Rd Kennebunk, ME, they all show flood zone \”C\”. Yes, we are all in a flood zone and in over 16 years I have never seen a flood map stating not in flood area. Thier aregument is either with thier Insurance Agent, Lender or attorney they hired for the purchase.
25% of all flood losses occur in Non-Special Flood Hazard Areas: B, C & X Zones. Another $5 says the agent doesn\’t have a signed rejection form indicating the insured was aware taht flood insurance was available. Good to see that there are a number of agents on top of the program.
Speaking of flood map changes, is everyone up to speed on the \”Grandfathering\” provision in the NFIP?
Not only Grandfathering, but Conversion as well. The NFIP made it easier to convert policies on properties that are in an A or V zone and are newly mapped into a B, C, and X zone and qualify for a Preferred Risk Policy. The policyholder keeps the same effective date, any money not spent on the PRP is returned, and the agent gets to keep the commission on both policies! That way your client stays protected and at a much lower cost.
The Flood map is to give residents a warning that they are indeed living in an area which is prone to flooding. But ANY river, lake, stream, or pond has the potential to flooding. And any semi-educated person would know that. I feel bad for these people for what they have had to go through, but if you live near water, sooner or later, you WILL get wet.
Amen to those of you who believe it\’s the responsibility of the property owner – NOT the government – to decide whether or not flood insurance is necessary. The flood maps should be considered a REFERENCE, not the Bible. I live in a C zone, but there is a lake behind my house. To the best of my knowledge, my neighborhood has never flooded; however, I purchased a Preferred Risk Policy because you never know when Mother Nature is going to decide to let loose. My parents lived 1/4 mi from a creek in a \”low risk\” zone; however, after the creek overflowed its banks a couple of times, they went out and purchased a policy as well.
If you look out your window and see a river, you should probably buy some flood insurance.
Actually BB I never used the term flood zone and I am well aware that we are all in a flood zone. Apparently you didnt read my post very carefully, hopefully you read polices more carefully.
As far as personal respncibility, the rebublican buzz phrase, dont you understand that we are all connected?
If I shoot you, are you personally responcible for your injuries? After all you were not wearing your bullet proof vest.
Basically all you guys have said is that it is completely wrong to base buying flood insurance on a flood map. So I ask you, if a flood map is incorrect and communicates to the homeowner that there is a low risk of flood, and that consumer then decides to take that small risk based on the govt produced map, doenst the map maker share some responcibility for the increased risk?
Thats right, the person who makes the map should have some personal responcibility. See how foolish it is to throw that buzz phrase around? It doesnt mean a dam thing. Its just an excuse to screw people over.
Who says the map is wrong?
The risk of rolling a 99 on a hundred sided die is the same, even if the last number you rolled was a 99. Same thing with the flood map. Even if a low risk area floods. It does not mean the risk is, or ever was, greater.