Storm Surge Not Covered in Texas Windstorm Association Policies

September 19, 2008

  • September 22, 2008 at 1:00 am
    pud says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Oh Mr Obvious.I have over 25 years in the business so don’t preach to me.
    You do not receive a copy of this online magazine if your not invovled in insurance and your information is the basic essentials of the business.
    I’ve always said a policy states what it doesn;t cover the declarations page tells you what’s covered!

  • September 22, 2008 at 2:35 am
    Gill Fin says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    So Pud has 25 years of insurance experience, but expects water to be paid on a wind policy? Pud, what have you been doing the last 25 years if you expect that outcome? With all due respect, Mr Obvious, our business isn’t ‘buyer beware’. Our business is ‘buyer, understand what you purchased and why’. We sell insurance based on a person’s need. We try to identify what they need, and provide accordingly. If they tell us they don’t need it, we cannot force them to buy it. THE CONTRACT IS THE CONTRACT!!!! No more, no less. Its neither good or bad – it is what it is. Quit bellyaching that you find out at claim time its not what you want. Remember, its all voluntary.
    Buy it. Don’t buy it. Thats called freedom of choice. Freedom of choice includes the possibility that you choose wrong. I am OK with that, for you and me. We both get what we pay for. An inherently perfect arrangement.

    Pud wrote: Another ploy to not have to pay what’s owed to the policy holder.
    We have to band together and get the insurance companies out of the politicians pockets.What is the sense of carrying insurance if everytime you try to make a claim they deny or find a technicality to deny our claims!
    My feeling is you shouldn;t have to buy insurance period.It’s a better money maker than playing the lottery.If you loose you lose.I mean the government has to pay everything anyway so why carry insurance?

  • September 22, 2008 at 3:42 am
    Fla. Agent says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Pud,

    You must represent some pretty pitiful companies to have the additude that you do towards the business. Another $5 says you’re a direct writer.

    As for your self-insuring on flood, I can only assume one of two things: 1) You have no mortgage and live in a Special Flood Hazard Area, ergo your remark about how expensive it is, or 2) You have a mortgage and live in a Non-SFHA and are uninformed about the Preferred Risk Policy, where the mosy you’d pay for the maximum limits under the NFIP is $348.

    May I make one recomendation: Do your clients and your E&O carrier a favor, take a flood class.

  • September 22, 2008 at 3:44 am
    Fla. Agent says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    That’s aTTitude with a “T”…….

  • September 22, 2008 at 3:45 am
    Big Fish says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Consumers buy a complex product (Insurance) from an agent that should know better than the consumer what they need. The consumer is transfering risk, not buying an investment that guarantees a return. If you need insurance for a particular hazard and it is availabe, then buy it. If not, be prepared for the outcome. No insurance carrier (except maybe the government) will insure against all forms of risk.

    From the inception of my 25 years in the business, it has been abundantly clear that flood of any type is not covered under a Homeowners policy. Buy from a knowlegeable agent and then be man or woman enough to accept the fact that if you reject coverage and have a loss that you made the choice.

  • October 7, 2008 at 10:53 am
    Ronnie Sonnier says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I think you are having trouble reading. The water that IS covered is called “Wind-driven rain” and NOT “Wind-driven water”.

    Also, the damagig water from a hurricane is STORM SURGE, not waves caused by wind. An example is that the city of Cameron, LA had 12′ of water with hardly any wind around 48 hours before the hurricane was due South of the city. So much for “wind-driven water”.

  • October 7, 2008 at 4:50 am
    Christen says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Well…here is where the problem. The insurance carrier for windstorm is saying hey will not pay because a storm surge is a flood. The flood insurance will not pay because they claim the storm surge is water rising due to the wind of the hurricane. So, who has to pay me for my total loss if I have both insurances and neither claim responsibility? Will I now be forced to obtain Storm surge coverage?
    As storm surge is a geological phenomenon precipitated by a hurricane. A hurricane is wind. The wind pushes the water in from of it and it causes a storm surge. Therefore, the storm surge is water rising due to wind. WIND DRIVEN WATER.
    One other question…how many times have you seen the beach flood? Lakes, rivers and creeks flood. Not beaches. The beach erodes. Could this be a massive overnight erosion of the beach? I think not.

  • October 7, 2008 at 5:02 am
    Me says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    First off…renters insurance only pays for the belongings you have in your home if someone breaks in and steals it or you are vandalized. It does not cover your losses if you have total devastation to your home and lose everything.
    Secondly, some people rent because they choose to. Maybe they work jobs that force them to move every few years. Or maybe they are in the military and have no choice to buy because they may be shipped out at a moments notice. Not everyone rents because of poor choices made in life.
    As the market stands right now, the value of a home is plummeting due to poor choices of the the mortgage companies. So, some renters are better off than some homeowners. I for one, have owned my home for 15 yrs and have recently remodeled hoping to sell. The value has dropped and I am planning on staying right where I am. Unless selling and renting a place proves to be ore fruitful in the long run. Not because I have made poor decisions.

  • December 14, 2008 at 9:55 am
    Avelino Garza says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    To Ronnie Sonnier:
    So now the storm surge is not caused by wind and the wind driven water is not water. It is hard to believe how mother nature is changing. Or is it corrupted politics? It’s like saying that Oswald did not kill Kennedy, it was the bullet.
    Thanks,

  • December 14, 2008 at 11:12 am
    Pud says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Based on what I’ve been reading it will likely end up in front of an arbitration panel and both will cover a portion of the loss.Don;t waste time file arbitration!



Add a Comment

Your email address will not be published. Required fields are marked *

*