Posted On: March 28, 2007, 1:14 pm CDT

Posted By: adjusterjoe

don Hester: I hate to point out the bad apples in my profession, however, will do so. Back at the time of origin of the NFIP, adjusters were paid an hourly rate and time and expense. The adjusters were greedy and billed in excess of 35-40 hours per day on flood claims. They would work 5-7 flood cliams per day and bill each at 5-8 hours. Hence, the feds prosecuted some for fraud. The schedule came into effect shortly thereafter. The reason second homeowners are charged more for their seocnd home is that it sits vacant for many months a year and is subject to loss greater than an occupied house.