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: To Mark H- We can afford to pay above the water line +
Posted On: April 28, 2006, 12:55 am CDT
Posted By: Tony
Comment:
Wrong genius. Again, you and most others here generalize. Number one, you get what you pay for. Number two, READ your policy. It is YOUR responsibility to PROVE YOUR LOSS. Unfortunately, most claim reps I know are NOT psychic. We can't "see" what happened two weeks before we got there. Number three, you think it would be better if the insurance companies left????? Chuckles, you need to talk to some of the folks that live on the east side of Highway 95 in Ft. Lauderdale, Miami etc. They have to have a Citizen's policy (written by the state, not some "cheap" insurance company) to cover ANY wind loss. THEN it has to be a declared storm. Then they get the joy of paying (approximately) TWICE as much for a policy that ONLY covers wind damage under set circumstances as they do for their homeowners policy.
Call an agent in Fl. Ask him for a rat quote. It will blow your mind. Imagine your insurance premiums doubling for the same coverage (BTW, you think the insurance companies are strict???? They THROW $ at customers compared to the State).
I know there are a lot of people upset about their loss or the way they were treated. I have a lot of empathy and sympathy for them. UNTIL they show their ignorance about the insurance policy that they NEVER read. You have NO idea the number of people who got mad at me because their flood policy provides NO additional living benefits if their home becomes uninhabitable. READ YOUR POLICY FOLKS. If you don't like it, pay more for more/better coverage.
Subject: RE: To Mark H- We can afford to pay above the water line +
Call an agent in Fl. Ask him for a rat quote. It will blow your mind. Imagine your insurance premiums doubling for the same coverage (BTW, you think the insurance companies are strict???? They THROW $ at customers compared to the State).
I know there are a lot of people upset about their loss or the way they were treated. I have a lot of empathy and sympathy for them. UNTIL they show their ignorance about the insurance policy that they NEVER read. You have NO idea the number of people who got mad at me because their flood policy provides NO additional living benefits if their home becomes uninhabitable. READ YOUR POLICY FOLKS. If you don't like it, pay more for more/better coverage.