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All those building levees around your homes....question
Posted on 5/20/11 at 9:49 am
Posted on 5/20/11 at 9:49 am
Will insurance reimburse you for saving your home? Meaning, instead of them paying to restore your flooded home, can you file a claim for the cost of saving it thereby saving the insurance from having to cover much more $$$?
Or the same goes for a business, because many businesses have loss of revenue riders on a policy thats has to pay until the business is back running....
ANyone know?
Or the same goes for a business, because many businesses have loss of revenue riders on a policy thats has to pay until the business is back running....
ANyone know?
This post was edited on 5/20/11 at 10:03 am
7
Posted on 5/20/11 at 9:51 am to the LSUSaint
my guess would be most people trying to save their home had no flood insurance.
Posted on 5/20/11 at 10:10 am to 10Percenter
Ok, but that didn't even come close to answering the question.
Posted on 5/20/11 at 10:12 am to 10Percenter
quote:
my guess would be most people trying to save their home had no flood insurance.
my guess is that you're wrong.
most people trying to save their homes don't want all their shite ruined.
having an insurance cut you a check don't make losing everything fun.
Posted on 5/20/11 at 10:36 am to Nutriaitch
did homes in spillway qualify for flood insurance?
Posted on 5/20/11 at 10:38 am to the LSUSaint
quote:
ANyone know?
Do you think the government would pay you for prevention of a claim? Do you really think they would be that intelligent to give incentive for people to do such things?
Posted on 5/20/11 at 10:39 am to the LSUSaint
My *guess* is that the insurance company would not reimburse you for your building of a personal levee. They're about to fork out a ton to the folks that do have flood insurance.
I can't think of a really good parallel, but I'll try anyhow. If you have personal jewelry insurance, but keep them in a safe deposit box at a bank instead of in a jewelry box beside your bed, the insurance company isn't going to help you pay for the safe deposit box.
I can't think of a really good parallel, but I'll try anyhow. If you have personal jewelry insurance, but keep them in a safe deposit box at a bank instead of in a jewelry box beside your bed, the insurance company isn't going to help you pay for the safe deposit box.
Posted on 5/20/11 at 10:42 am to auisssa
I mean you probably could have called your insurance company a month ago and worked out a deal, but I doubt they really want to go through with such a hassle for a one off claim. But who knows. Maybe...
ETA: They certainly aren't going to pay you after the fact.
ETA: They certainly aren't going to pay you after the fact.
This post was edited on 5/20/11 at 10:43 am
Posted on 5/20/11 at 10:45 am to C
I was told that they (Statefarm) would reimburse me up to $1000. However, the water has to go over my bulkhead. Hope this helps.
Posted on 5/20/11 at 1:21 pm to the LSUSaint
I wonder if any of those personal levees are topped and water then sits in the "house bowl" you have created while the surrouding flood waters receed until you can get a tractor back in there to knock down the levee you built or pump out the water if insurance will refuse to pay claiming the flooding was your fault as you contained it in your home for too long.
Posted on 5/20/11 at 1:22 pm to the LSUSaint
As the spring flood has moved into Louisiana, I am asking your assistance in communicating with the citizens of Louisiana important information regarding the National Flood Insurance Program (NFIP).
Please alert your clients with flood coverage that the NFIP may reimburse residents up to $1000 for preventative measures taken such as sandbags, supplies and labor for property removed to safety. Insured property must be stored in a fully enclosed building and is covered for 45 consecutive days from the date it began being moved there. Residents should keep all receipts in order to receive reimbursement and submit them to their claims adjuster. In preparation of filing a flood insurance claim, residents should have their insurance policy, inventory of their contents, all receipts and photos of damaged items (if possible).
Please feel free to direct individuals with flood insurance questions to the NFIP at 1-866-751-3989 or other insurance questions to the Louisiana Department of Insurance (LDI) at 1-800-259-5300. Thank you for your assistance.
With best wishes and kindest personal regards, I remain
Very truly yours,
James J. Donelon
Commissioner of Insurance
Please alert your clients with flood coverage that the NFIP may reimburse residents up to $1000 for preventative measures taken such as sandbags, supplies and labor for property removed to safety. Insured property must be stored in a fully enclosed building and is covered for 45 consecutive days from the date it began being moved there. Residents should keep all receipts in order to receive reimbursement and submit them to their claims adjuster. In preparation of filing a flood insurance claim, residents should have their insurance policy, inventory of their contents, all receipts and photos of damaged items (if possible).
Please feel free to direct individuals with flood insurance questions to the NFIP at 1-866-751-3989 or other insurance questions to the Louisiana Department of Insurance (LDI) at 1-800-259-5300. Thank you for your assistance.
With best wishes and kindest personal regards, I remain
Very truly yours,
James J. Donelon
Commissioner of Insurance
Posted on 5/20/11 at 1:22 pm to Bleeding purple
I would defiantly leave the levee up around my house if I spent all that time building it.
Posted on 5/20/11 at 1:24 pm to LSURoss
i was thinking the same thing id keep the damn levee up if i spent time building it. id just carefully tear down my driveway part and store the dirt in the back till i need it again
Posted on 5/20/11 at 1:27 pm to heartbreakTiger
If I was gonna build a levee around my house I would go ahead and put in a tunnel bunker system as well to fight off the zombies at a later time
Posted on 5/20/11 at 1:53 pm to Nutriaitch
quote:
most people trying to save their homes don't want all their shite ruined.
having an insurance cut you a check don't make losing everything fun.
If you are smart enough that you live in or near a floodplain to carry sufficient flood insurance, if it floods you just get it all remodeled.
Posted on 5/20/11 at 3:14 pm to ItTakesAThief
quote:
If you are smart enough that you live in or near a floodplain to carry sufficient flood insurance, if it floods you just get it all remodeled.
Yep, and a contractor will get on it right away!
Cause there are only 3000+ homes to remodel. I'd say a year from now many wont be back in their homes yet.
Posted on 5/20/11 at 9:27 pm to 10Percenter
quote:
my guess would be most people trying to save their home had no flood insurance.
Times Picayune, May 17, 2011
As Mississippi River floodwaters approach, many homeowners are not insured
quote:
Just 51 of the 560 homes in Krotz Springs are covered by federal flood insurance policies, according to FEMA statistics.
Posted on 5/21/11 at 12:38 am to ItTakesAThief
Assuming you're not familiar with that hurricane that hit New Orleans in 2005.
Posted on 5/21/11 at 2:42 am to Nutriaitch
quote:
my guess is that you're wrong.
most people trying to save their homes don't want all their shite ruined.
having an insurance cut you a check don't make losing everything fun.
Most flood insurance only covers property not contents.
the expectation is that anything that can be moved will be moved out before the rising water hits..
built in ovens and dishwashers count as property, but refrigerators, tv, beds ect count as contents and a not covered unless u have an additional rider for contents
Posted on 5/21/11 at 5:56 am to ItTakesAThief
quote:
If you are smart enough that you live in or near a floodplain to carry sufficient flood insurance, if it floods you just get it all remodeled.
Sounds like getting your home destroyed isn't all that bad. Makes we wonder why people are worried when a hurricane hits their area.
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