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Started By
Message
re: $32K max from FEMA but the average is $7500 paid out?
Posted on 8/17/16 at 5:02 pm to 777Tiger
Posted on 8/17/16 at 5:02 pm to 777Tiger
quote:
it is cheap, and will cover something like a water pipe bursting in your house, which most standard policies won't
Ehh, homeowners will cover it if it is your pipe and you weren't negligent usually, but you're right about the other reasons to have it.
There are 3 kinds of people in the BR area floods. You either have flood insurance, live in a flood zone without flood insurance, or live outside of a flood zone and don't have insurance. The first group is fine regardless, the second group opted out of fairly expensive insurance but assumed a huge risk, and the third group opted out of cheap insurance and assumed a relatively small risk. Hopefully people in the last two groups will make different decisions from here on out. If you cannot afford to rebuild on your own dime, you should have insurance. Period.
None of that means people deserved any of this by any means, but emotions effect whether it is a sound financial decision to opt out of flood insurance.
0
Posted on 8/17/16 at 5:03 pm to Nado Jenkins83
This place is his life man
Posted on 8/17/16 at 5:05 pm to djangochained
quote:
This place is his life man
he needs to smoke some of dem nugz in your sig
Posted on 8/17/16 at 5:05 pm to 777Tiger
Almost sounds like a health insurance debate.
Posted on 8/17/16 at 5:09 pm to TOPAL
I watched this press conference live and he spent 20 minutes spitting out the 33k number over and over and made it sound like it's pretty much a guarentee until It looked like someone kicked him and he started going "OH WAIT WE DONT GIVE THAT OUT OFTEN, THE AVERAGE DURING KATRINA WAS 7500"
Posted on 8/17/16 at 5:35 pm to djangochained
quote:
This place is his life man
You post more than I do these days and spend WAY too much time trying to impress random strangers here that you are a baller.
Posted on 8/17/16 at 5:41 pm to stout
But but but Isnt he a trustfund kid in a starter mansion that smokes the best bud with a super hot wife from a successful family???!!
Posted on 8/17/16 at 5:56 pm to Salmon
quote:
the amount of people that live in a flood zone and don't have insurance will be very, very small
Lulz. Like 2 people in my parents entire subdivision had it, and they back up to Amite tributaries.
Posted on 8/17/16 at 5:57 pm to stout
I have
This post was edited on 12/21/16 at 6:55 pm
Posted on 8/17/16 at 6:03 pm to Rize
So, the people in section 8 and apartments will get the lion share...interesting
Posted on 8/17/16 at 6:05 pm to lsunurse
quote:
Why can't people just be happy that they aren't facing what sooo many are facing right now. Talk about kick a man in the face when they are down.
You can make this argument for almost anything. I am all for low to zero interest loans going out to people.
Posted on 8/17/16 at 6:16 pm to Mrs. Amaro
quote:
If you live in Baton Rouge or surrounding area... and you live in a floodzone, why wouldn't you get flood insurance?
It isn't that simple. When I worked for a local government building inspection & permit department (I worked there 3 yrs part-time while in college), we were responsible for determining what flood level each new construction site was in.
The flood zone levels are determined by FEMA LINK
We always had to send letters to banks confirming what flood zone people lived in. People would come to us all the time and say "the bank says I need flood insurance, but it has never flooded there so they told us to come here", we would have to explain that just because they never saw it flood there, that doesn't mean they are not in a flood zone.
There are areas that are "not in a flood zone", which means it has never flooded there, so the bank does not require them to have flood insurance.
In certain areas, you can't build on it unless you have it at a certain level. For example, there are areas in which the minimum height you could build on had to be leveled with the road.
In other words, you don't build a house and decide for yourself whether or not you will buy flood insurance. The issue for many people is that they live in areas that does not require flood insurance. Based on FEMA maps, they are pretty much told "you live in an area that will never flood, therefore; you do not need flood insurance". There are areas that were never suppose to flood that has flooded.
Posted on 8/17/16 at 6:26 pm to stout
quote:
You know how far a few K goes even with a few inches in a house? Not far at all.
If only there was some way to protect ones self from having to worry about that burden... If only if only...
Posted on 8/17/16 at 6:37 pm to Jcorye1
How much was it a year for them? Just curious
Posted on 8/17/16 at 6:44 pm to Chad504boy
That's called self-insuring
Posted on 8/17/16 at 6:51 pm to KG6
quote:
Is it? I read it as getting a bonus 7500 on average without having to pay any premium at all. Yes it socks for people that have to start from scratch. But I don't think itso FEMA'so responsibility to step in and give everyone the limits of policies just because.
Its not "just because". FEMA is the agency that makes flood zones official. Do you realize land isn't just in or not in a flood zone? The amount insurance companies charge people for flood insurance is based on the zone they live in. Like I said in the above post, in certain zones, people are required to develop the land to be at a certain height before they can even build on it. The number of people who do not pay for flood insurance, if they are in a flood zone that requires them to do so, is very small and there is usually a specific reason why they do not.
From my experience, there were a few situations when people did not have insurance on a "home" that was in a flood zone. Every once in awhile someone would purchase a small piece of land and a trailer for cheap (paid cash) and turn it into a camp and didn't give a shite if it flooded.
Posted on 8/17/16 at 6:59 pm to OweO
Really curious to know what "too much money" is for no assistance
Posted on 8/17/16 at 9:04 pm to rocket31
(no message)
This post was edited on 12/21/16 at 6:55 pm
Posted on 8/17/16 at 9:42 pm to Odinson
quote:
My friend lost their entire house and was told that they will receive zero due to their income. Any suggestions??
This simply isn't correct. FEMA grants are NOT income based. You could make $1,000,000 a year and still get a FEMA grant. That is an absolute 100% fact.
Posted on 8/17/16 at 9:45 pm to stout
A lot of renters after previous disasters got small amounts of assistance and bring the average down most likely.
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