Posted On: April 4, 2006, 2:56 am CDT

Posted By: Mrs.. L.B.

Fact-Home OVER-insured by 30%! Based on PRE-storm market values and recent appraisal done late July 2005.
NOT under-insured.
-Contents Over-insured.
-Liablility Over-insured x 3
They didn't mind taking my money for all of that!
-Medical Malpractice-Highly insured
-Autos-FULL coverage even on the 15 year old one. They paid about 50%-70% of the going rate on all but 1 and took until January to do that. We are still duking that last one out. They can't find a comprehible one in my area so they are allowed to go Outside the 90 mile radius to get prices. However, if I dispute that info, I must hire an adjuster and also find 3 comprehible vehicles Within the 90 mile radius. Well, I found 3 (even tho they couldn't!), but now they say that's retail and they don't pay that. I even offered to compromise between what they offered and what the going price was but still they say no. They even threatened to bring it back to my yard if I didn't accept their offer although I know FOR A FACT that the gov't has forbidden these vehicles be resold or returned due to untold contamination. (Otherwise, I would have kept my truck in the first place and my son-in-law would have prob. had it fixed by now. Too late now, all the corrosion and damage done.)
They also like to go do "field adjustmens" on the damaged cars and tally it up citing POST storm damage then defy you to prove different.
To quote Dick on "3rd Rock from the Sun" (when they were buying a new car and were asked if they wanted insurance).
[sic] "Insurance? Why would I want insurance? Insurance is just a huge gamble against myself and the only way I win is if I lose everything or become horribly disfigured."
Lucky Dick, he wasn't here during Katrina! Or he would have lost everything and still lost!
One more fact- A couple I know had EVERY possible insurance except earthquake. Their home still sits off it's slab, half in the street, and they are still paying over $1,300 a month mortgage while waiting for someone/anyone to pay up!
So don't yell at me for being cheap on insurance. I had what I was told was more than adequate coverage. I am but one of the tens of thousands of stories just like this.
God Bless you all! And come see for yourself!