Posted On: February 21, 2006, 8:32 am CST

Posted By: Joe

Cherie,
I am sorry for your loss and pain, I have been there and KNOW what you are talking about, I live in Florida and suffered the storms here, we suffered moderate damage. I did go to N.O. and Mississippi and helped out, Floridians have no idea how much worse Mississippi was affected than Florida in any of the storms we had. I know a lot of help is flowing in but it is going to take years to get halfway back to normal. You did not indicate in your post what type of insurance you had or what your damage was. If you had flood insurance that is actually the federal government that backs and runs the flood program. If you did not have flood insurance you probably suffered damage that was not covered by your homeowners insurance because it was excluded. I know it does not make you feel any better, but everyone learned from this freak of nature storm period. It is safe to say that legislation will be pushed to change the insurance forms and coverages, this will come at a great cost and likely will not give the proper coverage that we all need. Companies will make a profit or they will go sell widgets instead of insurance. The fact is that we have never had a catastrophic storm season like this before and it has never tested the industry before. Basically I think the system failed and it has not been fixed yet. One thing is for sure, we will all be paying more for insurance and we will all be reading the policies from now on, or shame on us for being stupid.