Why should some minor wind damage matter if a house is washed away? If Flood paid a $100000 house policy limits, the insured is already indemnified. If he should receive another $20000 or $30000 more from his wind carrier, he would have profited.
Nowhere does the article even suggest dollar amounts. The max you can buy in flood is $150,000 for residential property, even if it is worth millions. Therefore, it is quite possible, even probable that the flood did NOT INDEMNIFY the judge. I have never suggetsted that the wind carrier pay anything more than what they owe. I never have suggetsed that the wind carrier pay policy limits, only those damages caused by wind. To the best of my knowledge, in Mississippi, there is no collateral source rule of law. Therefore your statement about indemnification is actually irrelevant. If the carriers write it, the insured is able to collect any available insurance. Think about it, just because the flood finished off the house, it is ludicrous to think there was absolutely no wind damage.
If someone did not want to insure his home for the proper replacement cost, because he\’s too cheap, he should lump it and do better with the next house.
Your post makes no sense. It is not a question as to whether the judge is too cheap, but the fact that he could not purchase enough flood insurance to cover his house and that there was certainly wind damage.
Wind and Water Caused All Damage.
Homeowners needs to pay for Wind Damage but they are blaming water.
If your home is worth over $250,000
and you did not purchase additional flood policies…you can sue your Agent\’s E&O Insurance if your agent did not advise you to purchase additional flood policies from other companies.
Sue Them All, it\’s the American Way.
The Insurance Company took your money and turned their backs when you needed them most.
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Why should some minor wind damage matter if a house is washed away? If Flood paid a $100000 house policy limits, the insured is already indemnified. If he should receive another $20000 or $30000 more from his wind carrier, he would have profited.
Nowhere does the article even suggest dollar amounts. The max you can buy in flood is $150,000 for residential property, even if it is worth millions. Therefore, it is quite possible, even probable that the flood did NOT INDEMNIFY the judge. I have never suggetsted that the wind carrier pay anything more than what they owe. I never have suggetsed that the wind carrier pay policy limits, only those damages caused by wind. To the best of my knowledge, in Mississippi, there is no collateral source rule of law. Therefore your statement about indemnification is actually irrelevant. If the carriers write it, the insured is able to collect any available insurance. Think about it, just because the flood finished off the house, it is ludicrous to think there was absolutely no wind damage.
If someone did not want to insure his home for the proper replacement cost, because he\’s too cheap, he should lump it and do better with the next house.
Your post makes no sense. It is not a question as to whether the judge is too cheap, but the fact that he could not purchase enough flood insurance to cover his house and that there was certainly wind damage.
Wind and Water Caused All Damage.
Homeowners needs to pay for Wind Damage but they are blaming water.
If your home is worth over $250,000
and you did not purchase additional flood policies…you can sue your Agent\’s E&O Insurance if your agent did not advise you to purchase additional flood policies from other companies.
Sue Them All, it\’s the American Way.
The Insurance Company took your money and turned their backs when you needed them most.