bdjs5 sounds like so many of our customers, I don’t live in a flood zone. I got news, everyone lives in a flood zone, its just a matter which one. You sound so familiar, buy only what what you can get away with and complain when a loss is not covered. You also need to do your homework and see what industries far exceed the rate of return compared to the insurance industry, type in most profitable insdustries on your search engine, then run your mouth about the ones that are way out front of the insurance industry. Sounds like you need to take a little responsibility for your decsions and actions instead of expecting everyone else to spoon feed you when things go south. Better yet, simply move as everyone tells us here to that Utopia that has no catastrophe losses such as Iowa, California or maybe Myanmar! The best answer to recent disasters has been by the brave young boy scouts in Iowa, they said we knew what to do, we live our motto be prepared!
I was ‘deployed’ to the coast of Mississippi the day after the Hurricane. No-body could get to the hardest hit areas so we worked the storm backwards. Starting with the outskirts of the damage and working our way in as the authorities allowed. I have never been so impressed with a group of people in my life. Unlike New Orleans, the people of Mississippi were not waiting on a handout, fema, their insurance companies – they were cleaning it up, mucking it out, helping their neighbors, and trying to move on. It was an honor to meet each and every one of the homeowners and renters I worked with. Regarding this lawsuit – I understand both sides, especially being that far inland. However, I live in San Antonio, am not in a flood zone, but carry flood insurance because if FEMA ever gets the map right – I will be and I will keep the cheap rates by having it now.
My cousin lived in Biloxi, could see the ocean from her living room window and her agent said the home was not required to have flood insurance. She was 17 feet above sea level. Didn’t help much with a 31 foot surge. Common sense dictates that if you can see a body of water from your home, whether it’s the ocean, a river, lake, or in my case, a dry creek bed – you should take responsibility to protect your home.
The people I met – underinsured or not – were and still are among the most decent people I have ever met. I wish the industry and FEMA would do a better job in educating the general public regarding the how to properly protect your property. I wish you all the best.
Absolutely I believe in profitability. IF I am not mistake, the entire premise of insurance is that many people make small payments across the board, in hopes that when they have a catastrophe, the funds will be available for payment. This is based on the idea that not everyone will have a catastrophic incident simultaneously, and even then insurance companies have their own insurance companies to insure for those payouts. Bottom line, my premiums were more than other parts of the country, I could live with that — what I CANNOT LIVE WITH, is the duplicity of the companies, the lack of integrity of the adjusters, etc., that I saw first hand! Clean up your industry before you have no industry. I had the same company for 25+ years — paid in over $75,000 in auto, home, etc. etc. and made NO homeowner’s claims over that period of time — I could have self-insured, and had a great pool of funds to utilize, if I was not constrained legally with having to carry insurance. Policies are so constrained, that insurance companies reap huge rewards, with little payout.
Trust me, I carried and still do carry the max………for what it is worth. Stupid, I think not…….trust me, the only stupid thing we believe in was the integrity of the industry.
BDJ, Why whine, just self-insure like you said in your earlier post?
Again, do you have min auto liab and no UM? If so, buy UM and raise your limits to least 250,000/500,000. Consider yourself warned.
Let me be clear — we were very prepared people. I was over insured. Do not have the audacity to tell me I am stupid. We had 2 generators, were miles inland, were fully prepared with plywood over the window, cars covered, food prepared, etc. etc. NO ONE took care of us after the storm. We did it ourselves. Cut ourselves out of the neighborhood, after we cut out of the roof. We found our own water, FEMA did not show up for 3+ days, we had no food, etc. WE DID IT! ALONE! Afterwards, we ask for nothing …… you are confusing us with New Orleans. Bitter, yes, but only because I am sick and tired of hearing that I am “asking for something”. I paid in $40,000 in taxes, the year that the hurricane struck —- trust me, I don’t think I got any of MY TAX MONEY BACK! DO not insult me by stating that I want others to take care of me — it never happened in my family. We pulled ourselves up on our own, without any insurance help, and recreated our lives! Investigate the industry — trust me, that is my mission now!
Florida Agent – Right on! Couldn’t have said it better myself. And I often do.
Problem is one of nomenclature. ie: “Flood Zone” It doesn’t take a rocket scientist to figure out that if you live on the water regardless of the flood zone (A, V, B, C or X) that flood coverage is vital.
All too often realtors and loan officers refer to the high risk A & V zones as the “Flood Zone” and then advise / inform their clients that they won’t have to buy flood insurance because the property is not “in a flood zone.”
I hope USAA prevails – you can lead a horse to water, but you can’t make it tap dance….
Admiral Lisanby should have enough smarts to be responsible for himself instead of blaming USAA for his stupidity – maybe he should sue the idiots who told him he wasn’t in a flood zone and didn’t need the coverage. Realtors and loan officers carry E&O coverage.
ONE BIG PROBLEM WITH SELF-INSURANCE — can’t buy a home without insurance — can we say RICO investigation — the mortgage and insurance industries are tied hand in hand. If I could, I would. Whining — I am not — maybe touching a nerve, but not whining!
Once again you sound all to familiar, whine and complain with your hindsite! I will tell you as I have told others, really fix the insurance industry, buy none at all. You are not required to carry coverage, pay off your house, sell your vehicles and use public transportation, cancel all health and life coverage, stash all that cash and pay as you go. Then take all of that cash and invest your money it insurance only stocks and mutual funds and get all of your friends, family etc. to capitalize an insurance company that specializes in homeowners in coastal states and get in on the gravy train. Is spite of complainers like you, the vast majority of claims are paid quickly, fairly and fully as it was meant to be. Trouble is you never hear about what is being done right by the industry as the media and policians don’t have anything to gain by putting that information out there.
Perfect reasoning behind why your industry suffers. Admiral Lisanby DID have maximum flood insurance and carried adequate coverage on his home– it was my family, that did not ……read your facts. Bottom line — clarify “living on the water” — just how many miles inland would you live before you chose not to have flood insurance? 2,5, 25? I guess we all need flood insurance no matter where we live — another GREAT way to make more money!!
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bdjs5 sounds like so many of our customers, I don’t live in a flood zone. I got news, everyone lives in a flood zone, its just a matter which one. You sound so familiar, buy only what what you can get away with and complain when a loss is not covered. You also need to do your homework and see what industries far exceed the rate of return compared to the insurance industry, type in most profitable insdustries on your search engine, then run your mouth about the ones that are way out front of the insurance industry. Sounds like you need to take a little responsibility for your decsions and actions instead of expecting everyone else to spoon feed you when things go south. Better yet, simply move as everyone tells us here to that Utopia that has no catastrophe losses such as Iowa, California or maybe Myanmar! The best answer to recent disasters has been by the brave young boy scouts in Iowa, they said we knew what to do, we live our motto be prepared!
I was ‘deployed’ to the coast of Mississippi the day after the Hurricane. No-body could get to the hardest hit areas so we worked the storm backwards. Starting with the outskirts of the damage and working our way in as the authorities allowed. I have never been so impressed with a group of people in my life. Unlike New Orleans, the people of Mississippi were not waiting on a handout, fema, their insurance companies – they were cleaning it up, mucking it out, helping their neighbors, and trying to move on. It was an honor to meet each and every one of the homeowners and renters I worked with. Regarding this lawsuit – I understand both sides, especially being that far inland. However, I live in San Antonio, am not in a flood zone, but carry flood insurance because if FEMA ever gets the map right – I will be and I will keep the cheap rates by having it now.
My cousin lived in Biloxi, could see the ocean from her living room window and her agent said the home was not required to have flood insurance. She was 17 feet above sea level. Didn’t help much with a 31 foot surge. Common sense dictates that if you can see a body of water from your home, whether it’s the ocean, a river, lake, or in my case, a dry creek bed – you should take responsibility to protect your home.
The people I met – underinsured or not – were and still are among the most decent people I have ever met. I wish the industry and FEMA would do a better job in educating the general public regarding the how to properly protect your property. I wish you all the best.
Absolutely I believe in profitability. IF I am not mistake, the entire premise of insurance is that many people make small payments across the board, in hopes that when they have a catastrophe, the funds will be available for payment. This is based on the idea that not everyone will have a catastrophic incident simultaneously, and even then insurance companies have their own insurance companies to insure for those payouts. Bottom line, my premiums were more than other parts of the country, I could live with that — what I CANNOT LIVE WITH, is the duplicity of the companies, the lack of integrity of the adjusters, etc., that I saw first hand! Clean up your industry before you have no industry. I had the same company for 25+ years — paid in over $75,000 in auto, home, etc. etc. and made NO homeowner’s claims over that period of time — I could have self-insured, and had a great pool of funds to utilize, if I was not constrained legally with having to carry insurance. Policies are so constrained, that insurance companies reap huge rewards, with little payout.
Trust me, I carried and still do carry the max………for what it is worth. Stupid, I think not…….trust me, the only stupid thing we believe in was the integrity of the industry.
BDJ, Why whine, just self-insure like you said in your earlier post?
Again, do you have min auto liab and no UM? If so, buy UM and raise your limits to least 250,000/500,000. Consider yourself warned.
Let me be clear — we were very prepared people. I was over insured. Do not have the audacity to tell me I am stupid. We had 2 generators, were miles inland, were fully prepared with plywood over the window, cars covered, food prepared, etc. etc. NO ONE took care of us after the storm. We did it ourselves. Cut ourselves out of the neighborhood, after we cut out of the roof. We found our own water, FEMA did not show up for 3+ days, we had no food, etc. WE DID IT! ALONE! Afterwards, we ask for nothing …… you are confusing us with New Orleans. Bitter, yes, but only because I am sick and tired of hearing that I am “asking for something”. I paid in $40,000 in taxes, the year that the hurricane struck —- trust me, I don’t think I got any of MY TAX MONEY BACK! DO not insult me by stating that I want others to take care of me — it never happened in my family. We pulled ourselves up on our own, without any insurance help, and recreated our lives! Investigate the industry — trust me, that is my mission now!
Florida Agent – Right on! Couldn’t have said it better myself. And I often do.
Problem is one of nomenclature. ie: “Flood Zone” It doesn’t take a rocket scientist to figure out that if you live on the water regardless of the flood zone (A, V, B, C or X) that flood coverage is vital.
All too often realtors and loan officers refer to the high risk A & V zones as the “Flood Zone” and then advise / inform their clients that they won’t have to buy flood insurance because the property is not “in a flood zone.”
I hope USAA prevails – you can lead a horse to water, but you can’t make it tap dance….
Admiral Lisanby should have enough smarts to be responsible for himself instead of blaming USAA for his stupidity – maybe he should sue the idiots who told him he wasn’t in a flood zone and didn’t need the coverage. Realtors and loan officers carry E&O coverage.
ONE BIG PROBLEM WITH SELF-INSURANCE — can’t buy a home without insurance — can we say RICO investigation — the mortgage and insurance industries are tied hand in hand. If I could, I would. Whining — I am not — maybe touching a nerve, but not whining!
Once again you sound all to familiar, whine and complain with your hindsite! I will tell you as I have told others, really fix the insurance industry, buy none at all. You are not required to carry coverage, pay off your house, sell your vehicles and use public transportation, cancel all health and life coverage, stash all that cash and pay as you go. Then take all of that cash and invest your money it insurance only stocks and mutual funds and get all of your friends, family etc. to capitalize an insurance company that specializes in homeowners in coastal states and get in on the gravy train. Is spite of complainers like you, the vast majority of claims are paid quickly, fairly and fully as it was meant to be. Trouble is you never hear about what is being done right by the industry as the media and policians don’t have anything to gain by putting that information out there.
Perfect reasoning behind why your industry suffers. Admiral Lisanby DID have maximum flood insurance and carried adequate coverage on his home– it was my family, that did not ……read your facts. Bottom line — clarify “living on the water” — just how many miles inland would you live before you chose not to have flood insurance? 2,5, 25? I guess we all need flood insurance no matter where we live — another GREAT way to make more money!!