Bipartisan Flood Insurance ‘Modernization’ Bill Boosts Borrowing, Maximum Limits

March 27, 2007

  • March 29, 2007 at 5:37 am
    adjusterjoe says:
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    Your arguments don\’t hold water (pun intended). I have been around the claims business for over 20 years and worked many flood claims and been to flood seminars. NEVER has it been suggested to paint a wall only 3 or 4 feet up. Never heard of this happening. And the policy, as do all other policies i have ever seen, pays for direct physical damage, from a covered peril, hence the replacement of the sheetrock up only 4 feet if the flood line was less than 4 feet. If the sheetrock above the flood line was not damaged, then why replace it? The 4 foot replacement is based upon the fact that sheetrock comes in 4 x 8 sheets. Hence the board may be laid length ways and there is a factory edge for a seam. It cuts down on labor and waste of making a 28\” cut for a floodline.

  • March 30, 2007 at 8:50 am
    Evan says:
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    LL

    I would like to know which underwriter you are using at Citizens because we are constantly bombarded with faxes from them requesting appraisals.

    I wish there was another market because they are a pain to deal with. Their \”market availability\” requirements are a joke. If we had another market to write with we would.

  • March 30, 2007 at 8:58 am
    LL says:
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    Appraisals are only required for commercial Wind-only policies that cover buildings.
    If the HO3 has $200000, why should the wind not follow form?

  • April 2, 2007 at 12:07 pm
    Evan says:
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    I only write commercial and do not do homeowners. I thought that maybe I was going to get some good news and not have to get appraisals any longer. Darn.



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