Federal Flood insurance.

TURTLE wrote: ....

I'm just saying I'd strongly recommend checking the terms of the individual policy in question, not relying on generalities...

Reply to
Duane Bozarth
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Very possibly although since it is federally subsidized, I'd not expect massive increases.

Reply to
Duane Bozarth

Read your policy.

Reply to
Duane Bozarth

I agree. Those law-makers are known for changing things when they are bribed enough by the insurance people.

Call your local agent and ask!

Reply to
Sherman

This is Turtle.

Earth to Toller , When you buy flood insurance you have a amount for structure and a amount for content. I have $105K for Structure and $55K for content on my policy and cost about $290.00 a year.

TURTLE

Reply to
TURTLE

***If the Tornado ripped the roof off and Rains in it. that is home Owners insurance. ***flood insurance only covers water backing up into a house and not falling into a house. ***anything coming from the Ski to damage your home. Home Owners insurance will cover it. ***anything coiming from the Ground / River/ Creek/ sewer System / run off water backing up into your house is Flood Insurance.

TURTLE

Reply to
TURTLE

Is that including your normal 'homeowners' policy or in addition to it ?

Reply to
Rudy

No. What do you care? You need "inferior substrate" insurance. That costs 5K a year. Beat it canuckie boy.

Reply to
G Henslee

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.

TURTLE

Reply to
TURTLE

This is Turtle.

Fire insurance / Home owners insurance $791.00 yr. .

Federal Flood insurance --------------------- $290.00 a yr. .

TURTLE

Reply to
TURTLE

What they will end up paying for is what is in the individual policy in force, period.

Reply to
Duane Bozarth

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.

Reply to
CL (dnoyeB) Gilbert

I suspect the actual contract (not a summary document) was probably precise even if not easy to read and clear. That's what they pay the lawyers for and why it is the contract that is covering not some generalized rule.

Not as much a racket as, say, the gaming casinos but they do try to control their risks. As shown in FL the last two years, sometimes they lose, too.

That's good that your losses were covered in the end. I'll simply note for others who may not have been through it that in order for FEMA to be able to help the area must have been declared a disaster area. Until that official request by local/state authorities has been made and the evaluation of the extent and severity is made and the consequent declaration, FEMA can't help.

Reply to
Duane Bozarth

From

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"As a homeowner, you can insure your home up to $250,000 and its contents up to

$100,000. If you're a renter, you can cover your belongings up to $100,000. As a

non-residential property owner, you can insure your building and its contents up to $500,000. "

Your basement carpeting, unless you have a walk-out basement, will be

your responsibility, however.

Reply to
JA

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