Homeowners lose Katrina insurance flo...

Homeowners lose Katrina insurance flood case

There are 13 comments on the Reuters story from Aug 15, 2006, titled Homeowners lose Katrina insurance flood case. In it, Reuters reports that:

By Peter HendersonNEW ORLEANS - A U.S. District Court judge on Tuesday ruled a Mississippi couple's homeowner policy did not give them coverage for damage from flooding caused by Hurricane Katrina, in a major ...

Join the discussion below, or Read more at Reuters.

NutCrazy

United States

#1 Aug 16, 2006
This seems so unfair...If the average home owners pays 650.00 a year for 20 years that is a total of 13,000.00 dollars for insurance coverage, only to receive a few thousand back when horrific events strike…It’s the same with health insurance as well…Your damned it you do and your damned it you don’t…It’s a no win situation….We sit around and bitch about people on welfare, but hell when things like this happens…It makes you stop and wonder if we, the hard working Americans of this world aren’t the stupid ones, for trying so hard….When will crap like this stop happening to those of us who try to get ahead in life? It’s very disappointing.....
Just An Observer

Oscoda, MI

#2 Aug 16, 2006
What's unfair is......when you go to purchase ANY kind of house coverage, the company you are buying house insurance from will not disclose or inform that flooding IS NOT covered by your policy! Only FEMA offers flood coverage. There needs to be law established to inform the public before purchasing their policies. Everyone needs to be informed and told the entire truth!
Concerned MS Citizen

Jackson, MS

#3 Aug 16, 2006
I feel very sorry for those who lost everything due to Katrina. However, it is our responsibility to read our policies and understand what is covered or excluded. Homeowners are constantly being told by their insurance companies that Flood has to be written through a Flood program. I have seen this on my policy renewal every year. Although this is not what the plaintiffs wished to happen nor the other 20,000 people along the coast, it does provide a climate that insurance companies will want to remain in areas that they would otherwise not be able to insure against. Natural disasters such as hurricane and earthquake are too difficult for any insurance company to take on as built in coverage in a policy. You do have options: IE- Purchase Flood, Earthquake. Maybe we need to find other agents. Mine informed me about the coverage I have including the fact that I don't have flood or earthquake. He also provided me the choice of providing the coverage for additional premium.
HAS

Ore City, TX

#4 Aug 16, 2006
I feel badly for the people that lost everything in Katrina...just as badly as I feel for the people I know here in Northeastern Ohio who just lost everything in our flooding. BUT, if they didn't have flood insurance, which no one does in Ohio (don't know about those in New Orleans), then you won't get anything from insurance companies. You've just gotta bite the bullet and file for help from FEMA.
Just An Observer

Oscoda, MI

#5 Aug 16, 2006
Well, for our first home, we had to purchase flood insurance, and got sent about 2 or 3 notices after we moved in. There was a creek about 2 or 3 miles away, and it was a "100 year flood plain." Coverage companies do their best to skirt over the issue. Perhaps some posters here are really from the coverage companies, but there needs to be a law forcing the coverage companies to explain the issue of flood damage, thoroughly and comprehensively, to the buying public. It's amazing how many people do not know their policies do not cover a basic flood in the house, like backups of sewers or such. Come on, they are trying to divert the obvious. This is disgusting what goes on in our society.
clydecaddy

Lehigh Acres, FL

#6 Aug 16, 2006
Caveat Emptor
Just An Observer

Oscoda, MI

#7 Aug 16, 2006
clydecaddy wrote:
Caveat Emptor
Obviously, as usual. Notice it's never the seller that has to disclose anything!

Since: Jul 11

Location hidden

#8 Jun 16, 2014
Way to go Fema, a couple thousand bucks and they lost their lives in a flood-only in Scamerica

Since: Nov 12

Philippines

#9 Aug 26, 2014
nice thread. thanks for sharing that information. it was very informative.
[url=http://www.legacylegal.co m/credit-education/credit-topi cs/utah-credit-repair.asp]Utah Credit Repair[/url]

Since: Jul 11

Location hidden

#10 Aug 27, 2014
Are you ready for some football?
elizabethbeck

Los Angeles, CA

#12 Nov 13, 2016
Hello,
There are many insurance policies which cover fire damage, water/flood damage , storm damage ,etc. When you are not satisfied with the amount that your company is willing to pay on your claim, a public adjuster represents the policy holder to maximize his insurance claim. A public adjuster from [url=http://allclaimsusa.com/] boca raton insurance adjuster[/url] an help make it an easier process for you .
DBullock

Brandon, MS

#16 Dec 11, 2016
Just An Observer wrote:
Well, for our first home, we had to purchase flood insurance, and got sent about 2 or 3 notices after we moved in. There was a creek about 2 or 3 miles away, and it was a "100 year flood plain." Coverage companies do their best to skirt over the issue. Perhaps some posters here are really from the coverage companies, but there needs to be a law forcing the coverage companies to explain the issue of flood damage, thoroughly and comprehensively, to the buying public. It's amazing how many people do not know their policies do not cover a basic flood in the house, like backups of sewers or such. Come on, they are trying to divert the obvious. This is disgusting what goes on in our society.
You are signing a contract, you should be responsible for doing the research to find the best company and to know what is covered under your policy
American Independent

Coffeyville, KS

#21 Dec 15, 2016
Just An Observer wrote:
Well, for our first home, we had to purchase flood insurance, and got sent about 2 or 3 notices after we moved in. There was a creek about 2 or 3 miles away, and it was a "100 year flood plain." Coverage companies do their best to skirt over the issue. Perhaps some posters here are really from the coverage companies, but there needs to be a law forcing the coverage companies to explain the issue of flood damage, thoroughly and comprehensively, to the buying public. It's amazing how many people do not know their policies do not cover a basic flood in the house, like backups of sewers or such. Come on, they are trying to divert the obvious. This is disgusting what goes on in our society.
Actually I can't think of a company off hand that doesn't allow an automatic (although low, like $5000) coverage for sewer backup included in their homeowner's policy. Which would be why if you were to be a victim of a flood and you didn't have flood insurance it's best if the first sight of water in your house that you report to your insurance company was "discovered" through backed up sewer lines!$5000 is better then nothing at all, especially if you lost everything in a flood.

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