Interesting letter today from my homeowner's policy provider

[BOSSHOG]

I live in South Mississippi. Let me put the letter into how I interpreted it:

The state of Mississippi tells us we have to tell you this:

You don't have flood insurance and you don't have Earthquake Insurance. If you want flood insurance, the feds will help but talk to us first. We may or may not provide Earthquake insurance, but the fucking state you live in insisted we tell you.

Just to be on the safe side (and while katrina is still on your mind) give your agent a call and bring your checkbook. We know you have been giving us money for 34 years and made only one minor claim back in 1984 but what the fuck we have to make a living too. Hugs and Kisses.

After Katrina I doubt I need flood insurance and I wonder why my insurance company might not have earthquake insurance in south Mississippi?

As my congressman Gene Taylor aptly put it shortly after Katrina, there ought to be a national registry of Insurance Executives like there is for sex offenders so you'll know if one lives next door to you.

[MrModerate]

1. Just curious . . .

One doesn't need flood insurance in Mississippi?

[MADem]

2. Well, I guess it would depend on where one lived?

If you live in a flood area, but lucky you, your house is high up on a hill, then you won't get flooded like the folks in the lower lying areas.

[vicman]

3. A flood

can result from broken water pipes or a backed up sewer. None of that is covered by any standard home owner's policy.

[BOSSHOG]

7. We are 40 miles

as the crow flies from the gulf, and flood insurance is not required where we live. Katrina did her damage. We had tons of wind damage, trees down and some buildings tore up but no flooding of structures.

[Greyhound]

4. This country would several orders of magnitude better off if we

would just abolish the insurance industry as the ponzi scheme that it is. Seize their assets and use the windfall to establish a national fund to replace the benefits they are supposed to provide.

[agates]

5. Excellent quote from Rep. Taylor

I just googled it for further info.

"There ought to be a national registry of child molesters and insurance company executives, because I hold them in the same very low esteem." Rep. Gene Taylor (D, Mississippi), CNN Saturday Morning News, 02/08/06

[BOSSHOG]

6. That's my boy!

[aasleka]

8. flood insurance

A judge ruled that the insurance companies did not have to pay most of the claims because even though folks had flood insurance the damaged caused by the wall of water was the result of high winds. Which was not covered.

http://www.msnbc.msn.com/id/14362386/

[seriousstan]

9. You have it backwards....

U.S. District Judge L.T. Senter Jr. ruled that a Mississippi Gulf Coast couple cannot collect damages from storm surge caused by Katrina because Nationwide Mutual Insurance Co.’s policies do not cover wind-driven water damage.

Senter Jr. said Paul and Julie Leonard of Pascagoula could be compensated for damage that they could prove was caused by high winds, however.


They had hurricane insurance but not flood insurance. They were covered for wind damage but not flood damage. The storm surge that breached/topped the levies was covered under flood insurance.


As a side note, if I live within sight of a levy that is taller than my house and don't have flood insurance......

[sandnsea]

10. Question re flood insurance

Since my son just moved into a house across the road from a river - federal flood insurance is if you're IN a flood zone or if you're NOT IN a flood zone. Which? :shrug:

[lynne]

11. EITHER - If you're in a flood zone, you are required to get

- flood insurance. If you are NOT in a flood zone, you may choose to purchase it if you so desire. Some areas that are not in actual flood zones may get the occasional high water, flash flood, etc.

Remember - there is a 30 DAY WAITING PERIOD before flood insurance will become effective. If you take out the application and pay the full premium today, you will not have any coverage for 30 days.

[sandnsea]

12. Thank you

I thought flood insurance was for people IN flood zones, so I couldn't understand how they couldn't have flood insurance. I'm not exactly sure about the flood zone designation, but that info will give them a place to start. Thanks.