Another case of a politician trying to use his power to influence. Flood Insurance is Flood Insurance and Homeowners Insurance is Homeowners Insurance. Is it right to go after State Farm to cover flood when flood is excluded from their policy?
It is kind of hard to lead the charge against the money grubbing insurance company when a confidential settlement means the opportunity for political rhetoric and the headlines is generates is not going to be a front page issue anymore.
Not about the money? Why wouldnt it be about the money? Trent had State Farm for hazard insurance and FEMA for flood. That means he had $250K flood coverage maximum, and I suspect any home Trent would live in would be worth more than that. Ever since I read that he had FEMA
coverage for flood I wondered why he would choose them for flood because their coverage limit is so low. Evidently $250K wasn\’t enough or he wouldnt have a need for a lawsuit.
I didn\’t hear Senator Lott mention that State Farm paid damages to his other two homes in Mississippi in full. He is acting like a baby not getting his way, even though State Farm has been more than fair with him. This bashing of State Farm is getting ridiculous. Flood damage is not covered by your homeowner\’s policy, even if you are a Senator from Mississippi.
Trent Lott would never have reared his ugly head if State Farm had rolled over and paid the claim on his 3rd home as quickly as they did on his other two. I will tell you that I am a State Farm agent, and formerly a State Farm claim rep and not one time in my entire career has State Farm EVER encouraged me or any of my colleagues to delay payment or try to find a way to deny claims. It was quite the opposite when I was a claim rep. The people that trained me always said that we were to look at every possible way to extend coverage. It was always much easier to pay a claim than to deny one and it is still that way with my company. I am tired of people on this site bashing State Farm when they do not have a clue what they are talking about. Do we make mistakes, of course. But overall this company has a conscious and I am very proud to represent them. All that to say, good post Skit. Sorry I got long winded.
I applaud your loylty Dale, but nothing else as I have had to deal with State Farm during my career and HAVE had agents and/or claims people with State Farm refuse to even set up a claim. Had State Fram acted with integrity from the start, they would not be in the mess they are today!!!!
Integrity meaning paying something clearly not covered in the contract? Then yes, I guess State Farm lacks integrity in this instance. Little do many of you know on this board that after Katrina hit, agents in every surrounding state were instructed to issue payments to displaced policyholders for immediate living expenses. No other company was doing that. None. And we did before even having had a chance to inspect the damage to see if there was a covered loss or not. I hate it when companies act with such a lack of integrity, don\’t you.
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Another case of a politician trying to use his power to influence. Flood Insurance is Flood Insurance and Homeowners Insurance is Homeowners Insurance. Is it right to go after State Farm to cover flood when flood is excluded from their policy?
It is kind of hard to lead the charge against the money grubbing insurance company when a confidential settlement means the opportunity for political rhetoric and the headlines is generates is not going to be a front page issue anymore.
Not about the money? Why wouldnt it be about the money? Trent had State Farm for hazard insurance and FEMA for flood. That means he had $250K flood coverage maximum, and I suspect any home Trent would live in would be worth more than that. Ever since I read that he had FEMA
coverage for flood I wondered why he would choose them for flood because their coverage limit is so low. Evidently $250K wasn\’t enough or he wouldnt have a need for a lawsuit.
I didn\’t hear Senator Lott mention that State Farm paid damages to his other two homes in Mississippi in full. He is acting like a baby not getting his way, even though State Farm has been more than fair with him. This bashing of State Farm is getting ridiculous. Flood damage is not covered by your homeowner\’s policy, even if you are a Senator from Mississippi.
This may be about MORE than the money. Word has it that atty \”Dickie\” Scruggs is the senator\’s brother-in-law?
That is correct.
Trent Lott would never have reared his ugly head if State Farm had rolled over and paid the claim on his 3rd home as quickly as they did on his other two. I will tell you that I am a State Farm agent, and formerly a State Farm claim rep and not one time in my entire career has State Farm EVER encouraged me or any of my colleagues to delay payment or try to find a way to deny claims. It was quite the opposite when I was a claim rep. The people that trained me always said that we were to look at every possible way to extend coverage. It was always much easier to pay a claim than to deny one and it is still that way with my company. I am tired of people on this site bashing State Farm when they do not have a clue what they are talking about. Do we make mistakes, of course. But overall this company has a conscious and I am very proud to represent them. All that to say, good post Skit. Sorry I got long winded.
So.
We are to reward Trent Lott\’s lack of flood insurance.
It is the industry\’s fault that he and others are too stupid, cheap, or lazy to get the appropriate coverage?
No wonder this moron is an elected political hero instead of having to work for a living
I applaud your loylty Dale, but nothing else as I have had to deal with State Farm during my career and HAVE had agents and/or claims people with State Farm refuse to even set up a claim. Had State Fram acted with integrity from the start, they would not be in the mess they are today!!!!
Integrity meaning paying something clearly not covered in the contract? Then yes, I guess State Farm lacks integrity in this instance. Little do many of you know on this board that after Katrina hit, agents in every surrounding state were instructed to issue payments to displaced policyholders for immediate living expenses. No other company was doing that. None. And we did before even having had a chance to inspect the damage to see if there was a covered loss or not. I hate it when companies act with such a lack of integrity, don\’t you.