Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: george76

ummmmmmmmm did they HAVE FLOOD INSURANCE??? (probably not)

I have no love for insurance companies but they have no reason to pay anything except exisiting policies.

Are they going to try to LAWSUIT them into paying for things they did not cover?


6 posted on 09/21/2005 10:05:28 AM PDT by Mr. K (Some days even my lucky rocketship underpants don't help...)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Mr. K

They had Hurricane coverage, and for *some* reason thought that they were protected from a hurricane's damage, and even more farfetched, they believed that all that water was from a hurricane's storm surge. Imagine their surprise when their insurance companies informed them that they hadn't lost their property to a hurricane, but to a flood.

Many of these houses weren't on a "flood plain" and had never had flooding. I can see that many people paid their premiums believing that they were covered from the thing they were at risk of - a hurricane.

I'm not well versed in the national flood insurance program since I don't live in a flood plain, but it's my understanding that one can't just get national flood insurance by paying a premium, it's not even offered unless the whole community agrees to certain federal stipulations concerning exsisting and future building codes.

Is there a difference between a "flood" and a "storm surge"?


132 posted on 09/21/2005 11:01:44 AM PDT by Euphemy (Proud to be a South Mississippian)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson