Posted On: March 16, 2006, 9:25 am CST

Posted By: flood insurance

The price of a home has nothing to do with intelligence. The many, many people across the entire south who had flood insurance, also had homeowners insurance, which we were led to believe would pay for the wind damage. No one thought they were underinsured, because we trusted our agents who supposedly sold us what we needed to be fully insured. We had no idea that some of the insurance companies out there would try to get out of paying for the wind damage, which IS a covered peril. We even bought the Hurricane Deductible Endorsement, to fully insure us that we were going to be paid for Hurricane damage. Our agent called it Hurricane Insurance. It is amazing how something is one thing when it is being sold to you, and a totally different thing when you need to use it.