About time, tired of seeing my tax dollars going to New York and New Orleans! If you want to live on the water, you pay for it, not me! I know, I am selfish
H Vogel- If you don’t think they will do the same thing with flood ins they just did to your healt ins, you are smoking something. They will force everyone to buy flood insurance to make it “affordable for all”. Thats what democrats do! So it’s “fair and equal like marriage.
H Vogel appears unaware that there is no state that is without flood claims.
Since 1978 there have been 2,038,340 flood claims, of which 1,466,200 (an overwhelming majority) occurred elsewhere than the states of New York and Louisiana. Many claims occurred in areas that are far inland and NOT ‘on the water’.
Marvin, when I add up the rough totals($) for the common big claim states, it accounts for 70% of the dollar amount paid out since 1978. So Vogel does have a point. Big payout states we all think of are Texas, New York, New Jersey, Mississippi, Louisiana, and Florida.
ij reader- the cost of reconstruction on the coast is a lot higher as well. No worries though, if Christie has his way your tax dollars will buy all the beach front property at pre flood prices and you want have to pay for flood claims again.
What are the monies associated with those claims?
I think we will find that most dollars spent are costal not inland.
But I don’t know those numbers yet. Does anyone?
The NFIP could make money if they would stop the excessive paperwork, elevation certificate and tentative rate stuff. Regular consumers get fed up and do not buy it. Agents get fed up and stop selling it. frankly their overhead is so bad that no matter what–rates will continue to go up. They need to privatize this coverage. and the government wants to get into the Health insurance business. Makes no sense to me!!
Tenative rates they could probably do without, however, elevation certificates are needed. They are the basis for rates for Post-firm A zone & V zone risks. Flood coverage will never be privatized, the insurance companies are not able to take on that much exposure.
I’ve been telling my customers with flood policies in zone V to think about selling their homes – get out of the coastal areas because flood and wind premiums are going to skyrocket. One customer’s home on Bolivar Peninsula (Crystal Beach), Texas got wiped off the map with the rest of the town thanks to Hurricane Ike. The customer simply had utility connections left at the house site and they now have a large travel trailer that they can evacuate if a major storm approaches. Another customer figured that what they would be paying in flood and wind premiums can pay to rent a condo for a month each year. Even those customers agreed that their insurance should not be subsidized.
They just announced that the US Post Office is going to take over the handling of Flood Insurance claims! they can’t even run the Post Office efficiently and now they want to take over NFIP. Those being laid off from the Post Office, (when they close on Saturdays) are going to be retrained as flood claims examiners! WOW How incredibly stupid is that?
Dick is still not going to understand it was an April Fools joke, because he does not read thoroughly and completely. I wonder if he will even see these comments????
What is inefficient about the post office? If they didn’t have to fund pension plans 70 years ahead of time (for people who haven’t been born yet, let alone employed by the post office), they’d be doing just fine. I get my mail without any issues. It seems to be a highly efficient and inexpensive way of sending and sharing communication. They even help UPS and other delivery companies who, for whatever reasons, won’t deliver to certain areas. I won’t pretend it’s perfect, but then again, nothing is. I like the mail system. I like UPS and FedEx, too. They all do a pretty darn good job.
Blondie2, a minor correction in your comment to Dick Wagner……He is the “April Fool”. As Jac states…Wow,there’s one born every day. Blondie and Jac, you both are so spot on I almost wet myself laughing.
I live in Louisiana about thirty miles from the Gulf of Mexico. In a community that has never flooded in over a hundred years. Our flood insurance will go from $274. last year to $12,000. IN four years.
When people talk about flood claims in New Orleans ist should be know that levees that are supposed to be maintaind by the Corp. of engineer. failed causing major flooding in the city of New Orleans costing Billions to the tax payer of this country. New Orleans is by no means a water front community. So if we are to say that communities that live next to the water should have to pay their own way Do count New Orleans as one of those.
If FEMA was pro active instead of reactive the cost would be far lower.
About time, tired of seeing my tax dollars going to New York and New Orleans! If you want to live on the water, you pay for it, not me! I know, I am selfish
H Vogel- If you don’t think they will do the same thing with flood ins they just did to your healt ins, you are smoking something. They will force everyone to buy flood insurance to make it “affordable for all”. Thats what democrats do! So it’s “fair and equal like marriage.
H Vogel appears unaware that there is no state that is without flood claims.
Since 1978 there have been 2,038,340 flood claims, of which 1,466,200 (an overwhelming majority) occurred elsewhere than the states of New York and Louisiana. Many claims occurred in areas that are far inland and NOT ‘on the water’.
Source: http://bsa.nfipstat.fema.gov/reports/1040.htm
Mr. Vogel apparently doesn’t know what constitutes a ‘flood’.
Marvin, when I add up the rough totals($) for the common big claim states, it accounts for 70% of the dollar amount paid out since 1978. So Vogel does have a point. Big payout states we all think of are Texas, New York, New Jersey, Mississippi, Louisiana, and Florida.
See my comment under H Vogel. It will happen! Maybe not in the next 5 years…but it will happen. “for the good of the people”…for the “folks”.
ij reader- the cost of reconstruction on the coast is a lot higher as well. No worries though, if Christie has his way your tax dollars will buy all the beach front property at pre flood prices and you want have to pay for flood claims again.
Jack Allen,
What do you mean by “folks” exactly? Do I hear a dog whistle?
What are the monies associated with those claims?
I think we will find that most dollars spent are costal not inland.
But I don’t know those numbers yet. Does anyone?
The NFIP could make money if they would stop the excessive paperwork, elevation certificate and tentative rate stuff. Regular consumers get fed up and do not buy it. Agents get fed up and stop selling it. frankly their overhead is so bad that no matter what–rates will continue to go up. They need to privatize this coverage. and the government wants to get into the Health insurance business. Makes no sense to me!!
Find a write your own carrier like Bankers or Fidelity. Unless you are State Farm and have to go directly thru NFIP. NFIP processing is terrible.
Tenative rates they could probably do without, however, elevation certificates are needed. They are the basis for rates for Post-firm A zone & V zone risks. Flood coverage will never be privatized, the insurance companies are not able to take on that much exposure.
I would not let Bankers insure a outhouse.
I’ll believe it when I see it. I don’t know of any gov’t program that “pays for itself”.
I’ve been telling my customers with flood policies in zone V to think about selling their homes – get out of the coastal areas because flood and wind premiums are going to skyrocket. One customer’s home on Bolivar Peninsula (Crystal Beach), Texas got wiped off the map with the rest of the town thanks to Hurricane Ike. The customer simply had utility connections left at the house site and they now have a large travel trailer that they can evacuate if a major storm approaches. Another customer figured that what they would be paying in flood and wind premiums can pay to rent a condo for a month each year. Even those customers agreed that their insurance should not be subsidized.
They just announced that the US Post Office is going to take over the handling of Flood Insurance claims! they can’t even run the Post Office efficiently and now they want to take over NFIP. Those being laid off from the Post Office, (when they close on Saturdays) are going to be retrained as flood claims examiners! WOW How incredibly stupid is that?
Wow, there’s one born every day. Happy April Fool’s day
April Fools!
Dick is still not going to understand it was an April Fools joke, because he does not read thoroughly and completely. I wonder if he will even see these comments????
What is inefficient about the post office? If they didn’t have to fund pension plans 70 years ahead of time (for people who haven’t been born yet, let alone employed by the post office), they’d be doing just fine. I get my mail without any issues. It seems to be a highly efficient and inexpensive way of sending and sharing communication. They even help UPS and other delivery companies who, for whatever reasons, won’t deliver to certain areas. I won’t pretend it’s perfect, but then again, nothing is. I like the mail system. I like UPS and FedEx, too. They all do a pretty darn good job.
Blondie2, a minor correction in your comment to Dick Wagner……He is the “April Fool”. As Jac states…Wow,there’s one born every day. Blondie and Jac, you both are so spot on I almost wet myself laughing.
I live in Louisiana about thirty miles from the Gulf of Mexico. In a community that has never flooded in over a hundred years. Our flood insurance will go from $274. last year to $12,000. IN four years.
When people talk about flood claims in New Orleans ist should be know that levees that are supposed to be maintaind by the Corp. of engineer. failed causing major flooding in the city of New Orleans costing Billions to the tax payer of this country. New Orleans is by no means a water front community. So if we are to say that communities that live next to the water should have to pay their own way Do count New Orleans as one of those.
If FEMA was pro active instead of reactive the cost would be far lower.