[WKB]

Mississippi ping

[conservatrice]

ping

[Past Your Eyes]

Take a number, Trent.

[Jemian]

I hope he wins the lawsuit and quickly, too. It would set the precedent for others in similar situations all up and down the Mississippi coast to win their settlements. The insurance companies have been weasling out of their contracts by this trick.

[gridlock]

How is it that every single person living in a flood zone knows full well that homeowner's insurance does not cover flood damage except Trent Lott?

Lott tried to game the system, and lost. Too bad Trent. Don't be such a FReepin' idiot next time around.

[spectre]

I wonder if he was ever offered the "option" of taking out flood insurance?

sw

[Tarpon]

Of course, you know this going in, that's why you buy both wind and flood insurance policies, like we do, so you are covered regardless.

[dawn53]

The Lotts paid insurance premiums for more than 40 years, according to the lawsuit, believing they would be covered for all losses caused by a hurricane

Oh come on! He didn't know he wouldn't be covered. Then he's not too smart. I live in a hurricane zone, water damage from rising water is covered under flood insurance...that's the bottom line, and anybody that doesn't know that didn't read their policy.

[kittymyrib]

No one who lives near the water on the Gulf Coast or the east coast of FLA should be able to buy insurance at any price. If you want to live in such a risky place, foot the rebuilding of your home yourself and don't expect homeowners in Montana to have their premiums go up to cover your losses when the inevitable hurricane blows/washes your house away.

[Abathar]

He opted for the cheaper insurance knowing that there was other more expensive policies that covered flood damage out there.
Heck I know that and I live in Indiana!

[SuziQ]

If he wins, there's hope for my sister and her husband. Same thing happened to their home in Ocean Springs. They had a concrete block house on a concrete slab, and after the 35' storm surge hit it, all that was left was 20" of sand on the slab. They found a piece of a wall in the lot next door, and another 1/2 mile away on St. Andrews Golf Course. I don't think she's found any more of it. She's been digging in the sand, and walking the road, since a week after the hurricane, and has found a few of her things. The thing she was most pleased to find was the quilt she had made, with our siblings contributions of fabric squares, for our Mama's 75th birthday. It is stained now, and has a tiny tear, but otherwise, is fine.

[kabar]

Welcome Senator to the real world.

[eastforker]

Seems to me that if all he had left was a slab it could be argued that it was wind damage that destroyed the home. The fact that water was also present would seem to be irrelevant. What caused the house to be destroyed, wind or water.

[chronic_loser]

Trent Lott is a typical idiot, who thinks that "the fact that he paid insurance premiums for years" automatically invalidates a CONTRACT which clearly eliminates tidal surge/flood. State Farm sent him a policy EVERY YEAR, and the fact that he was too lazy to read it does not establish fault on the part of State Farm. Furthermore, if he was a sophisticated property owner, he had to have talked to people and know that flood was excluded. I don't write much insurance at the beach here in NC, but you had better believe that EVERY propertyowner knows that flood is excluded. They all ask me, they all price it, and most of them decline unless the bank demands it.

I make them sign a declination on flood insurance if they are within 3 miles of the beach because I don't want them wailing and playing the victim when their house is washed away by tidal surge and they start playing the same kind of irresponsible games that Lott is now playing. Lott is just playing power games like any scumbag politician.

[HereInTheHeartland]

If Trent wanted flood insurance then he should have purchased it.
He is acting like the typical "I don't care what the contract says, I want to have my butt covered" weasel.

[zipp_city]

I would like to live somewhere with an ocean view but I know I can't afford it, so why should I be charged extra premium just because those who do enjoy the view and can afford to pay but refuse to pay the premium.

[elfman2]

Any fool in hurricane country knows that homeowners or windstorm insurance doesn’t cover flood. It’s plastered across my statements, and every insurance agent with an IQ above 70 presses their clients to take it. I pay out the butt for it here in the Florida Keys.

Lott’s the weasel here, cutting corners, and now trying to bully his insurance into paying for something he didn’t purchase.

[Anti-Bubba182]

Frequently Asked Questions About Flood Insurance

"..Does my NFIP policy cover all the buildings on my property? The Standard Flood Insurance Policy provides coverage for one building per policy. The only exception is 10 percent coverage for a detached garage. However, the total payment for flood damage to the detached garage and the house together cannot exceed the building policy limit. For coverage to apply, the garage can only be used for parking and storage. Any other use would void this coverage, i.e., if the garage has a workshop, the coverage would not apply. All other buildings on the premises need separate coverage. The maximum allowable limits are $250,000 for residential properties and $500,000 for commercial properties.

Are the contents of my home covered under my NFIP policy? Contents are not automatically included. If contents coverage is desired, a specific amount must be named and a separate premium charged, but it doesn’t need to be a separate policy. Contents coverage limits are $100,000 for residential policies and $500,000 for commercial policies..."

I am guessing Lott didn't buy flood insurance because the limits of coverage are too low to indemnify his potential loss anyway.

[StoneWallJack]

Where do you start on this one...?

If you live on the Gulf Coast, you know that flood insurance is required for storm surges.

Flood insurance is a Federal program offered through the insurance companies. Insurance companies do not set aside reserves for federal insurance liabilities.

If Trent and Dickie Scruggs win this time around, insurance availability dries up due to much higher premium rates due to (1) the huge coverage risks assumed by the remaining insurance companies and (2) there will not be many remaining insurance companies.

If insurance is not available, mortgage companies will not assume the risk. Coastal construction will cease to exist.

Additionally, if Trent and Dickie win their lawsuits, I believe that all of the folks who had the smarts to PAY for flood insurance should have their premiums REFUNDED immediately.

[Crawdad]

The policy giveth, and the policy taketh away.