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Another Flood Victim Thread: Debt?
Posted on 8/20/16 at 9:46 am
Posted on 8/20/16 at 9:46 am
I'm wondering(/hoping) that there is some type of consideration of concession for victims who've lost EVERYTHING without "Flood Insurance" (i.e. Car notes(for a car that is now useless), mortgages(for a house in disrepair), etc.)?
Or are these people just fricked... Like, literally ruined for (at the very least) the next 10 years due to an act of God... I can't imagine losing EVERYTHING, including my ability to get to work, to pay debts, etc. and being hounded in the coming months, "You're late on your Macy's bill, how much can you pay today?"
I really, TRULY hope that companies will offer some relief, but if what I assume will happen... That these 40,000+ homes/families are literally RUINED.
Or are these people just fricked... Like, literally ruined for (at the very least) the next 10 years due to an act of God... I can't imagine losing EVERYTHING, including my ability to get to work, to pay debts, etc. and being hounded in the coming months, "You're late on your Macy's bill, how much can you pay today?"
I really, TRULY hope that companies will offer some relief, but if what I assume will happen... That these 40,000+ homes/families are literally RUINED.
10
Posted on 8/20/16 at 9:50 am to yankeeundercover
What is debt
Posted on 8/20/16 at 9:51 am to yankeeundercover
Companies will offer some relief, government will offer some relief, and hopefully, people will be a little wiser about flood insurance in the floodiest state in the country.
Posted on 8/20/16 at 9:51 am to yankeeundercover
Why would the insurance companies offer "relief?" you are the one who chose not to have coverage. Sorry but life isn't fair and you don't deserve a handout T the expense of others.
Posted on 8/20/16 at 9:51 am to yankeeundercover
If you have a car note then you have car insurance.
Home with no flood insurance, depending on amount of damage, either take the $33,000 from fema and do what you can along with the free help that so many churches and other groups are offering. Otherwise sell the house and downgrade.
Home with no flood insurance, depending on amount of damage, either take the $33,000 from fema and do what you can along with the free help that so many churches and other groups are offering. Otherwise sell the house and downgrade.
Posted on 8/20/16 at 9:52 am to yankeeundercover
You love communism don't you? Handouts for you, you, you!
Posted on 8/20/16 at 11:40 am to OleWarSkuleAlum
Bernie fan? It's not everybody else's job to be responsible for these people. Once in a generation flooding twice in the last ten years
Posted on 8/20/16 at 11:46 am to yankeeundercover
quote:
I'm wondering(/hoping) that there is some type of consideration of concession for victims who've lost EVERYTHING without "Flood Insurance" (i.e. Car notes(for a car that is now useless), mortgages(for a house in disrepair), etc.)?
Or are these people just fricked... Like, literally ruined for (at the very least) the next 10 years due to an act of God... I can't imagine losing EVERYTHING, including my ability to get to work, to pay debts, etc. and being hounded in the coming months, "You're late on your Macy's bill, how much can you pay today?"
I really, TRULY hope that companies will offer some relief, but if what I assume will happen... That these 40,000+ homes/families are literally RUINED
Welcome to the real world, thanks for paying.
Posted on 8/20/16 at 11:51 am to yankeeundercover
So these mortgage companies etc should suffer because you wanted to save a few bucks and didn't get insurance?
Posted on 8/20/16 at 12:06 pm to OleWarSkuleAlum
quote:
Another Flood Victim Thread: Debt?
You love communism don't you? Handouts for you, you, you!
greetings comrade, i see an upcoming tour in a Reeducation camp in your future.
Posted on 8/20/16 at 12:16 pm to brett randall
I will never understand the concept of the government bailing people out. People want the government to stay out of their business but as soon as something doesn't go their way they are the first to look to them for help! It's mind boggling to me.
Posted on 8/20/16 at 12:22 pm to yankeeundercover
Why do we as Americans think we have to subsidize people who make bad decisions. Flood insurance in a non flood zone is rarely higher than 400 a year or just over a dollar a day.
Posted on 8/20/16 at 12:24 pm to Aristo
Why would someone not have flood insurance? In a non flood zone it is very cheap.
Posted on 8/20/16 at 12:26 pm to Gulf Coast Tiger
quote:
Why would someone not have flood insurance? In a non flood zone it is very cheap.
No idea, my old house in Watson was only 175 a year. I hope the guy who bought it from me got it for himself.
Posted on 8/20/16 at 12:28 pm to yankeeundercover
How am I supposed to feel pity for people that do not insure themselves if they live in high risk flood areas? Why should they get bailed out alongside those that got insurance? Everyone knows the risk when they decide not to get it. It sucks for them but it was their choice.
Posted on 8/20/16 at 12:28 pm to tigerbutt
Not many people will ever come close to getting $33K from FEMA.
Posted on 8/20/16 at 12:29 pm to Will Cover
Correct. They'll likely get checks cut for $15k and then have to haggle for a year or more to see another red cent.
This post was edited on 8/20/16 at 12:32 pm
Posted on 8/20/16 at 12:35 pm to tigerbutt
quote:
If you have a car note then you have car insurance.
Home with no flood insurance, depending on amount of damage, either take the $33,000 from fema and do what you can along with the free help that so many churches and other groups are offering. Otherwise sell the house and downgrade.
People are supposed to have insurance to protect the lienholder. You'd be surprised to know how many don't and are shocked when the have to pay for a totaled car. People are stupid.
Posted on 8/20/16 at 12:44 pm to Royal
quote:
People are supposed to have insurance to protect the lienholder. You'd be surprised to know how many don't and are shocked when the have to pay for a totaled car
Who in the hell are these lienholders? Their uncle Joe? I would say almost all banks require full coverage with them as the lienholder. If not, they tack the insurance payment directly onto the car payment at the highest risk category possible.
Posted on 8/20/16 at 12:46 pm to yankeeundercover
I know after one of the Hurricanes our mortgage company offered to not require a payment for 2 months with no penalty.
Just be careful, my ex-wife chose to do it and it doesn't count against you but still shows on your credit report as a non-payment (Irrelevant if you don't have a choice)
Just be careful, my ex-wife chose to do it and it doesn't count against you but still shows on your credit report as a non-payment (Irrelevant if you don't have a choice)
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