Ok, anyone who can read a newspaper should have known about the need for flood coverage in a coastal area. Ivan, Katrina and Rita gave ample opportunity to Gulf Coast residents to take out flood coverage.
If you didn’t, you took the gamble and lost. Don’t cry us a river, it might cause a flood!!!
Winslow is grandstanding. Surly he knows of the hundreds of court cases in LA and MS regarding this. The courts, both in LA and MS AND the federal courts have repeatedly sided with the insurance industry.
It’s case law. Someone needs to tell him that and shut him up now.
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?
Pud: $5 says you don’t carry flood insurance, and when you are flooded, you’ll be first in line for a taxpayor bailout.
I agree 100% with the first two posts, if the idiots who live on a barrier island six feet above sea level, after witnessing what took place with Katrina, didn’t purchase flood coverage, then I see their inaction a sterling affirmation of Darwin’s theory of evolution.
To be honest with you.You are correct and to tell you the truth the extra money my home is approximately 3ft off the groung and inland far enough where flodding is likely a fat chance a risk I am I am taking and yes you are correct why pay premiums when the government will bail me out.I mean it’s about time for me to start taking advantage just as the wealthy do.Im sick and tired of hearing how the government comes in and covers what insurance companies don’t so if you can’t beat them join them!
I checked into flood coverage and it just wasn’t worth the extra money.
Ten years of the cost of flood ins.could purchase me a new home!
I can use my property as collateral!
I agree with Pud, although I think Pud has researched it more than me. Where I am from FEMA gave those without flood coverage about a months worth of living expenses, and the opportunity to get a
small business loan through the government at a low interest rate. But for Pud, better to self insure. That way when his home is destroyed he’ll never have to worry about being a homeowner again. He’ll be a renter. What do you think about that renters insurance, Pud?
Oh yeah, you’re insurance poor.
When I did rent I always kept insurance and made sure to exceed the coverage needed in the event a loss occured and it was my fault. I’m not insurance poor I just don’t care to see insurance companies make bad decisions,their CEO’s and CFO’s and any other acronym for a dingaling position and make millions then claim the business needs to increase premiums to meet their expense needs or they get help from the government when they have large losses or make bad investments.
Remember the 80’s? Realestate took a similar tumble? Who paid for that? The tax payer.The average Joe is the one that was hit the hardest.
I consider your comparing me with Darwin a compliment of sorts after all wealth breeds wealth normally!
Aaaanyway,say what you will you’re entitled to that I am also entitled to voice my opinion.
BTW renting is like facing a hurricane and relieving yourself into the oncoming wind.I would never rent again.That is for irresponsible people that do not know how to contol their spending habits or they do not priortize their spending.I wasted a lot of money when I was younger on renting,a lesson learned the hard way,
Agreed.You made the point exactly! I happen to not live in an flood area so I don;t ned flood.IF at some point the unfortunate crap shoot that I have chosen to take occurs and is in the form of catstrophic nature then FEMA steps in and pays.This is unique to my situation.It’s not for everyone.If you live close to water weather it be fresh or ocean obviously one would want to certainly purchase flood insurance.
I think that I my comment initially may have been misinterpreted.
You argue that the insurance companies are not paying what you, the insured expect to be paid. The concept involved here is buyer-beware. If you would read the details of your homeowners policy it will tell you that almost all water related damage is excluded. If you want to have that kind of risk insured you must buy a flood policy. Do not attempt to paint insurers in a bad light because they stand by the words of the contract you both agreed to when the policy was issued.
And who is so secluded from the world that they did not hear about this when Katrina blew through? If you want to be covered for storm surge, buy a policy from NFIP. Don’t expect it from your normal homeowner’s policy. End of Story.
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Ok, anyone who can read a newspaper should have known about the need for flood coverage in a coastal area. Ivan, Katrina and Rita gave ample opportunity to Gulf Coast residents to take out flood coverage.
If you didn’t, you took the gamble and lost. Don’t cry us a river, it might cause a flood!!!
Winslow is grandstanding. Surly he knows of the hundreds of court cases in LA and MS regarding this. The courts, both in LA and MS AND the federal courts have repeatedly sided with the insurance industry.
It’s case law. Someone needs to tell him that and shut him up now.
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?
Pud: $5 says you don’t carry flood insurance, and when you are flooded, you’ll be first in line for a taxpayor bailout.
I agree 100% with the first two posts, if the idiots who live on a barrier island six feet above sea level, after witnessing what took place with Katrina, didn’t purchase flood coverage, then I see their inaction a sterling affirmation of Darwin’s theory of evolution.
To be honest with you.You are correct and to tell you the truth the extra money my home is approximately 3ft off the groung and inland far enough where flodding is likely a fat chance a risk I am I am taking and yes you are correct why pay premiums when the government will bail me out.I mean it’s about time for me to start taking advantage just as the wealthy do.Im sick and tired of hearing how the government comes in and covers what insurance companies don’t so if you can’t beat them join them!
I checked into flood coverage and it just wasn’t worth the extra money.
Ten years of the cost of flood ins.could purchase me a new home!
I can use my property as collateral!
Sorry for the typos.I tend to be all thumbs at times!
I agree with Pud, although I think Pud has researched it more than me. Where I am from FEMA gave those without flood coverage about a months worth of living expenses, and the opportunity to get a
small business loan through the government at a low interest rate. But for Pud, better to self insure. That way when his home is destroyed he’ll never have to worry about being a homeowner again. He’ll be a renter. What do you think about that renters insurance, Pud?
Oh yeah, you’re insurance poor.
When I did rent I always kept insurance and made sure to exceed the coverage needed in the event a loss occured and it was my fault. I’m not insurance poor I just don’t care to see insurance companies make bad decisions,their CEO’s and CFO’s and any other acronym for a dingaling position and make millions then claim the business needs to increase premiums to meet their expense needs or they get help from the government when they have large losses or make bad investments.
Remember the 80’s? Realestate took a similar tumble? Who paid for that? The tax payer.The average Joe is the one that was hit the hardest.
I consider your comparing me with Darwin a compliment of sorts after all wealth breeds wealth normally!
Aaaanyway,say what you will you’re entitled to that I am also entitled to voice my opinion.
BTW renting is like facing a hurricane and relieving yourself into the oncoming wind.I would never rent again.That is for irresponsible people that do not know how to contol their spending habits or they do not priortize their spending.I wasted a lot of money when I was younger on renting,a lesson learned the hard way,
Good day!
Agreed.You made the point exactly! I happen to not live in an flood area so I don;t ned flood.IF at some point the unfortunate crap shoot that I have chosen to take occurs and is in the form of catstrophic nature then FEMA steps in and pays.This is unique to my situation.It’s not for everyone.If you live close to water weather it be fresh or ocean obviously one would want to certainly purchase flood insurance.
I think that I my comment initially may have been misinterpreted.
Pud,
You argue that the insurance companies are not paying what you, the insured expect to be paid. The concept involved here is buyer-beware. If you would read the details of your homeowners policy it will tell you that almost all water related damage is excluded. If you want to have that kind of risk insured you must buy a flood policy. Do not attempt to paint insurers in a bad light because they stand by the words of the contract you both agreed to when the policy was issued.
And who is so secluded from the world that they did not hear about this when Katrina blew through? If you want to be covered for storm surge, buy a policy from NFIP. Don’t expect it from your normal homeowner’s policy. End of Story.