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Started By
Message
re: High credit score = no assistance from FEMA
Posted on 8/24/16 at 9:52 am to blueboxer1119
Posted on 8/24/16 at 9:52 am to blueboxer1119
The lesson here is to have flood insurance with contents coverage so you don't have to worry about qualifying for a grant or SBA loan. I would think that since the majority of posters on this forum have been educated at a higher level than most would have taken care of business. I'm not pointing fingers, just feel most here would have had the smarts to be covered. Flood zone or no flood zone, we have always had full coverage. This is Louisiana!!!
5
Posted on 8/24/16 at 9:54 am to Isabelle81
No shite?
Posted on 8/24/16 at 10:08 am to Isabelle81
Isabelle, it's easy to say I told you so now. Fact of the matter is, there will always be some people who go for the full gamut on any type of insurance. Whether you need it or not. And then, most will pass on extra insurance if not needed. It's not a matter of being educated. It's just a matter of basic consumer nature.
I would say that this whole thing has been a learning lesson for all - either affected or not. But please show a little compassion not just in here, but whoever you talk to, and avoid the "told ya so" type answers. And please stop with the rhetoric of "I would have thought you were smarter than that". That simply is not necessary nor is it warranted. Not now. We all get it now. Get flood insurance.
Thank you.
I would say that this whole thing has been a learning lesson for all - either affected or not. But please show a little compassion not just in here, but whoever you talk to, and avoid the "told ya so" type answers. And please stop with the rhetoric of "I would have thought you were smarter than that". That simply is not necessary nor is it warranted. Not now. We all get it now. Get flood insurance.
Thank you.
Posted on 8/24/16 at 10:09 am to blueboxer1119
What do most people want as an alternative?
Serious question...
Do you want less government assistance/grants regardless of credit score and financial status?
Do you think everyone should be entitled to the same government assistance/grants regardless of credit score and financial status?
Serious question...
Do you want less government assistance/grants regardless of credit score and financial status?
Do you think everyone should be entitled to the same government assistance/grants regardless of credit score and financial status?
Posted on 8/24/16 at 10:14 am to RealityTiger
quote:
I would say that this whole thing has been a learning lesson for all
Thats for sure. Bought my first house three months ago, I'm in my mid 20's so admittedly naive in the homeowner aspect of things, and we were always high and dry on the Northshore growing up.
But I have flood insurance now (well I will in 28 days). To think spending $400 three months ago would have saved me from $40K+ in expenses.
This post was edited on 8/24/16 at 10:15 am
Posted on 8/24/16 at 10:16 am to LSUfan4444
I would think that most of the people who have been contributing to the proverbial pot, should be able to use a little assistance right now - coming straight out of that pot they have been adding to.
Does it make sense to you that those who do not contribute are more qualified to use assistance than those who contribute, paycheck to paycheck?
Does it make sense to you that those who do not contribute are more qualified to use assistance than those who contribute, paycheck to paycheck?
Posted on 8/24/16 at 10:18 am to WPsportsman
quote:
pay my taxes for FEMA to operate
This
Posted on 8/24/16 at 10:22 am to Isabelle81
quote:
. I'm not pointing fingers
except your whole post was exactly that, pointing your finger
Posted on 8/24/16 at 10:24 am to SirWinston
Let me try to bring some facts into this conversation.
First off, if you are fully insured, don't expect anything from FEMA or SBA except for maybe some rental assistance.
Assuming you have need, FEMA will generally give you a percentage of need in grant money, and refer you to SBA for a loan for the balance. This is under the individual assistance program.
IF you are denied for an SBA loan, you are sent back to FEMA, which has additional, supplemental programs, that they will TRY to find you additional grant money. This is not guaranteed.
First off, if you are fully insured, don't expect anything from FEMA or SBA except for maybe some rental assistance.
Assuming you have need, FEMA will generally give you a percentage of need in grant money, and refer you to SBA for a loan for the balance. This is under the individual assistance program.
IF you are denied for an SBA loan, you are sent back to FEMA, which has additional, supplemental programs, that they will TRY to find you additional grant money. This is not guaranteed.
Posted on 8/24/16 at 10:26 am to Isabelle81
quote:
The lesson here is to have flood insurance with contents coverage so you don't have to worry about qualifying for a grant or SBA loan. I would think that since the majority of posters on this forum have been educated at a higher level than most would have taken care of business. I'm not pointing fingers, just feel most here would have had the smarts to be covered. Flood zone or no flood zone, we have always had full coverage. This is Louisiana!!!
This entire post is strictly hindsight. This wasnt a river flooding a street or some low lying areas getting extra water. Nothing like his has even been recorded here. Thats like buying earthquake insurance for some people here. frick BR wasnt hit this hard for hurricanes we have had.
Posted on 8/24/16 at 10:27 am to Isabelle81
quote:
The lesson here is to have flood insurance with contents coverage so you don't have to worry about qualifying for a grant or SBA loan. I would think that since the majority of posters on this forum have been educated at a higher level than most would have taken care of business. I'm not pointing fingers, just feel most here would have had the smarts to be covered. Flood zone or no flood zone, we have always had full coverage. This is Louisiana!!!
It may be a little too soon to point out this, as emotions are raw, and I generally feel bad for people who are new to state and don't know any better. But anyone that has lived in S. Louisiana for 3-4 years and didn't have flood insurance was taking a gamble. You live in a place with water all around you.
Considering how many people on here hate the federal government, I find it fascinating that so many people didn't buy flood insurance because a government map told them they did not have to. What about all that self-responsibility BS talk?
Posted on 8/24/16 at 10:29 am to LSUFanHouston
Sigh... 
Posted on 8/24/16 at 10:31 am to RealityTiger
quote:
Sigh...
What part of what I said was incorrect?
I feel HORRIBLE for the people going through this. I went through Katrina. When I was in BR last weekend gutting a friends house, it was a nightmare scenario.
Maybe after all of this we will have a lot less blowhards who rant on and on about personal accountability and not being dependent on the government.
This post was edited on 8/24/16 at 10:32 am
Posted on 8/24/16 at 10:32 am to LSUFanHouston
quote:
First off, if you are fully insured, don't expect anything from FEMA or SBA except for maybe some rental assistance.
Assuming you have need, FEMA will generally give you a percentage of need in grant money, and refer you to SBA for a loan for the balance. This is under the individual assistance program.
IF you are denied for an SBA loan, you are sent back to FEMA, which has additional, supplemental programs, that they will TRY to find you additional grant money. This is not guaranteed
pretty much the way I've understood it.
Right now you just have a lot of pissed off business owners that are finding their only rope is to take out a loan.
I'd think amending your 2015 return could get you more money than you'll get from FEMA anyway.
Posted on 8/24/16 at 10:35 am to LSUFanHouston
It's not incorrect. But for the thousandth morherfrickin time, quit with the told ya so. Hindsight is 20/20.
You say that it's not a good time and that you feel for those who are going through it. No you don't. You wouldn't say that and then immediately follow it up with being a douche about it. At least have the nuts to leave out the empty words of "I feel for those..." Just be a douche.
You say that it's not a good time and that you feel for those who are going through it. No you don't. You wouldn't say that and then immediately follow it up with being a douche about it. At least have the nuts to leave out the empty words of "I feel for those..." Just be a douche.
Posted on 8/24/16 at 10:36 am to More beer please
Maybe there was no flooding in Gustav, but there was a lot of damage. Mother Nature is unpredictable.
Posted on 8/24/16 at 10:43 am to Deactived
Ok, maybe it was. The storm dumped a lot of rain in one area in a short period of time. What if the levee that holds back the Mississippi River breached because of undermining. There is a lot of water in that river. One would think the possibility of a levee breach would always be a consideration for those who live near rivers. Do people not realize that the money spent on purchasing a home is an investment? Don't people in this day and age insure their investments? The logic of some people is confounding, but I know the insurance companies love you because you won't cost them any money.
Posted on 8/24/16 at 10:44 am to RealityTiger
quote:
It's not incorrect. But for the thousandth morherfrickin time, quit with the told ya so. Hindsight is 20/20.
You say that it's not a good time and that you feel for those who are going through it. No you don't. You wouldn't say that and then immediately follow it up with being a douche about it. At least have the nuts to leave out the empty words of "I feel for those..." Just be a douche.
I do feel for those of you who did not have insurance.
However, that is a risk you chose. And now, you want the government to bail you out for that risk.
Which is fine. We should all help each other.
But this board loves to blast others for taking government handouts, which is what this is. This board loves to blast big government, which is what this is.
Everyone on here like to blast the feds, but yet, when we need them, we are first in line. To make matters more ironic, we are complaining about low interest loans, and demanding free grant money.
I just hope all of this causes people to reevaluate things.
Posted on 8/24/16 at 10:49 am to LSUFanHouston
Look, sorry for being ugly with you. I'm just beyond tired of the criticism of not having flood insurance. I wasn't affected, and I turned down flood insurance. But you can bet your arse I will sign up for it this month.
We all make decisions that other could criticize us for. And we all have our own reasons. If that's the worst decision anybody made in their life, they have done well.
Again though, it's not the time to be all "told ya so, told ya so, told ya so".
Posted on 8/24/16 at 10:50 am to Isabelle81
quote:
What if the levee that holds back the Mississippi River breached because of undermining. There is a lot of water in that river. One would think the possibility of a levee breach would always be a consideration for those who live near rivers
Were all flooded areas located directly next to the MS river?
quote:
Do people not realize that the money spent on purchasing a home is an investment? Don't people in this day and age insure their investments?
Do you have separate insurance policies for all of the exclusions in your homeowners policy? If not, do you not realize your home is an investment and you need to insure it for everything possible that could ever happen anywhere?
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