Heard a guy on TV, (don't remember who it was but it was during NO coverage)
that said everyone should have Federal Flood Insurance, since it can be had
for a couple of hundred $.
If that is the case, and I am not sure that it is, then everyone would have
it, I guess.
Any hard Dollar figures for how much it costs for the Federal Flood
Before AMUN the MORON comes along with wrong advice (like he does w/
everything else) know this:
the net is full of good advice about flood insurance.
I had flood insurance once. They drew the line down the middle of the street
I lived on. My side had to have it and the other side did not.
In Arizona in the property seller has to state if the property has Federal
There are no private companies that I know of that write the insurance.
There are a lot of private companies that will sell it, with their markup on
I lived in a very low risk area, the insurance for a $75k home and $30k of
belongs was $300.00 in 1990. There was a levy 3 miles north of my home that
was designed to hold water from a water shed. If it broke then that property
would have flooded and so would have most of north Phoenix. In the 30 years
I have lived here I have never seen any measurable amount of water for any
length of time behind the levy. Now days builders are using the land for
$750k and up homes on larger than acre lots. It will catch up to them the
next time we have a really wet year(s) like we did in the 70's and early
I would bet before Katrina flood insurance would have cost thousands of
dollars per unit of value. Below sea level is not a good indication. That
is why very few if any will have flood insurance. Since the political bozos
of the country have declared it a disaster area we the tax payers will get
to pay a big chunk of the rebuilding just like the last time in 2000.
Further consideration -- flood insurance is a prerequisite in any flood
plain area before a mortgage company will loan on a property, either a first
or second mortgage. As a result, I expect that almost any property that has
a mortage on it in the NO area will also have flood insurance --
This is Turtle.
Flood insurance is determined as to what zone you live in. If you live in a zone
that floods everyday they are more and places that never flood the cost less.
My house flooed YEARS ago because of stopped up drainage canal and is listed as
a long shot to flood. It cost me $250.00 a year for $105K house and $55K Content
in a long shot zone.
Here is a little secret for you. If the Sewer system in your area gets stopped
up and backs up to flood your house. Your home owner insurance will not pay for
it. Any water that rises into a house is call flood and you need Flood insuranse
for that. Now if a Towlet just hangs up and runs over it is Home owners insurace
that covers it.
any water that backs up into your house is Flood water to pay and any water that
comes down into your house is called Home owner insurance to pay.
All the homes in New Orleans that flooded will be called flood insurance and
none will be called home owners insurance.
This is Turtle.
earth to Dan 0 , when the levey broke , do you think the water flew back up in
the ski and then come down into the homes or just backed up into the homes. i do
a lot of write ups for FEMA and flood insurance on HVAC and Refrigeration
equipment and have to know what the rules are when claiming flood insurance on a
hvac system or refrigeration system. Any rising water than gets in your home is
called flood insurance. any rain water, storm, winds, or objects that cause
damage while hitting the house is covered. and Also fire and trees hitting your
house is insurance.
So Anything that rises into your house is covered by flood insurance. Anthing
that falls in or on your house is Home owners policy.
Yes Dan 0 , I have wrote up thousands of claims for flood insurance on hvac
systems and a bunch for FEMA on refrigerators, stoves, and appliances. If flood
water touches a appliance, you get rid of it. if it does not touch the
appliance, you claim to disifect the appliance.
Dan-0 , when they go back in N.O. you can get with them and work with FEMA and
Flood insurance to wade around in the houses and mud to look at the damage and
write the houses up. If you like i can hook you up. Let Me Know.
Sewage coverage is different from other flooding. You can get coverage for
sewage backup where the neighborhoods sewage ends up in your basement. It
is usually an add-on to homeowners for about $35 where I live in NC.
I wouldn't count on that w/o checking. I'd not think flood insurance
would cover sewage block or backup non-related to flooding.
I haven't "looked it up" and don't have but it doesn't make much sense
that it would cover a non-related problem.
This is Turtle.
Sewer system backing up is Flood insurance Deal.
Commode malfuctioning is a home owner plocy job.
Sewer line in side the home that stoppes up is homeowners insurance.
Rain into a house is Home owners Policy.
There is a thin line between them paying or not with todays policys.
This is Turtle.
The insurance agents that are sent out to look at your flood or Water Damage has
these words in mine when looking. You can draw a clear line between flood and
rain / wind damage with the rules here.
If it Falls in to your house it is regular Home Owners insurance.
If it backs up or rises up in your house , it is flood insurance.
There is a clear line that can be drawn between them. There was a big push by
insurance companys to push the coverage over to flood insurance and the Federal
Government draw the line in the sand where Flood insurance will pay. Beyond
these words of rising into your house, all coverage goes to home owners
insurance if they elect to put a rider on your policy to not pay for what they
don't want to pay for.
True. I argued several years back with my insurance company after my
basement flooded. They clearly stated they covered water damage. he
tried to explain why that meand only leaking water pipes and not backup
but it was not in the document like that.
He got quite flustered and tried to tell me how it was his job to
explain to me why I was not covered. Somehow the fact that it was his
job was supposed to make it all true. Insurance is a damn racket.
Anyway, FEMA ended up covering us due to local conditions.
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