Federal Judge in Mississippi 'Storm Surge' Case Upholds Home Insurance Flood Exclusion
National News • April 13, 2006
A federal judge in Mississippi has upheld the water damage exclusion in homeowners insurance policies in a ruling welcomed by insurers.
U.S. District Judge L.T. Senter, Jr. of the Southern ...
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Subject: RE: Rodger -To Hal & Mark H
Posted On: April 17, 2006, 9:20 am CDT
Posted By: Roger Poe
Comment:
4-17-2006
Hal & Mark H,
Please understand that catastrophes often drastically change the availability, AND COSTS of common materials / equipment, available qualified labor, food / housing costs, building codes / qualified inspector-inspection processes, project funding flow, project holding costs, office / field overhead, insurances, etc.
Throw in time (equals money) spent reasoning with certain construction loss value "adjusting" personality types that believe and preach that real world reconstruction market costs are artifically (unfairly) inflated.
Premium rates go up as risk go up.
So do local construction investment risk costs.
Before the idea gets locked into your mind for years to come, by certain catastrophe claim managers propaganda, (that all contractors 'rip insurers / consumers off' in post cat-markets), try running a reconstruction business in one.
Then come back and comment.
Until then, try to at least remember the above as you highlight and copy line items into your reconstruction "estimate".
By the way, the worst so - called "adjuster", and "contractor", is one who thinks that they are the final word on actual fair market costs...when in all actuality, chaotic market conditions, and ALL that that means, is the "fair and reasonable" final word.
Producing a post-cat, or daily, reconstruction estimate that accounts for ALL damage, SAFE & SOUND reconstruction procedures, and business sustainable pricing, is something that can look artificial, to one's who are inexperienced, and/or arrogant.
"Adjust" your post-cat attitude accordingly...
rogerpoegc@yahoo.com
Subject: RE: Rodger -To Hal & Mark H
Hal & Mark H,
Please understand that catastrophes often drastically change the availability, AND COSTS of common materials / equipment, available qualified labor, food / housing costs, building codes / qualified inspector-inspection processes, project funding flow, project holding costs, office / field overhead, insurances, etc.
Throw in time (equals money) spent reasoning with certain construction loss value "adjusting" personality types that believe and preach that real world reconstruction market costs are artifically (unfairly) inflated.
Premium rates go up as risk go up.
So do local construction investment risk costs.
Before the idea gets locked into your mind for years to come, by certain catastrophe claim managers propaganda, (that all contractors 'rip insurers / consumers off' in post cat-markets), try running a reconstruction business in one.
Then come back and comment.
Until then, try to at least remember the above as you highlight and copy line items into your reconstruction "estimate".
By the way, the worst so - called "adjuster", and "contractor", is one who thinks that they are the final word on actual fair market costs...when in all actuality, chaotic market conditions, and ALL that that means, is the "fair and reasonable" final word.
Producing a post-cat, or daily, reconstruction estimate that accounts for ALL damage, SAFE & SOUND reconstruction procedures, and business sustainable pricing, is something that can look artificial, to one's who are inexperienced, and/or arrogant.
"Adjust" your post-cat attitude accordingly...
rogerpoegc@yahoo.com