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Started By
Message
Flood insurance doesn't cover back water flooding?
Posted on 8/17/16 at 12:04 pm
Posted on 8/17/16 at 12:04 pm
That's what I was told. Is that accurate?
16
Posted on 8/17/16 at 12:06 pm to Smalls
"Flood" has different definitions in the insurance industry.
Posted on 8/17/16 at 12:06 pm to Smalls
That doesn't make any sense. I don't know how a policy would possibly make such a distinction or carve out such an exclusion.
Posted on 8/17/16 at 12:07 pm to Smalls
backflooding is still rising water
sewer backup is different than backflooding and would be on homeowner's policy if coverage is there.
sewer backup is different than backflooding and would be on homeowner's policy if coverage is there.
Posted on 8/17/16 at 12:07 pm to East Coast Band
It's going to get dicey with these mother frickers. They will do whatever it takes to not have to pay out. The wind-driven water debate after Katrina lasted for years.
Posted on 8/17/16 at 12:07 pm to Smalls
That's dumb. Water backing up is flood as flood can get.
Posted on 8/17/16 at 12:08 pm to Smalls
Everbody bitches about trial lawyers, often with good reason. But insurance companies are why they're necessary.
Posted on 8/17/16 at 12:09 pm to Jim Rockford
quote:
Everbody bitches about trial lawyers, often with good reason. But insurance companies are why they're necessary.
That's for making me upvote lawyers.
Posted on 8/17/16 at 12:10 pm to Jim Rockford
quote:
But insurance companies are why they're necessary.
not sure why you are quick to jump down insurance companies neck right now when its highly likely OP is confused about something very simple.
Posted on 8/17/16 at 12:11 pm to Smalls
quote:
Flood insurance doesn't cover back water flooding?
While I know insurance companies are often a pain in the arse to deal with....I don't think that is correct. Flood insurance covered family members who had 7' of water in their home due to a back flow situation in Conroe area of Texas.
This post was edited on 8/17/16 at 12:12 pm
Posted on 8/17/16 at 12:11 pm to Smalls
Really
Posted on 8/17/16 at 12:12 pm to MightyYat
That was a competely different animal. Flood insurance is 100% reinsured by the fed gov. They assume all the risk. The only thing the insurance companies do is write and maintain the policies.
Posted on 8/17/16 at 12:14 pm to Smalls
Well the actual adjusters have a financial incentive to give you as much of a claim as possible with regards to flood, so this would be unlikely to come from the adjuster.
Posted on 8/17/16 at 12:14 pm to Jim Rockford
quote:
Everbody bitches about trial lawyers, often with good reason. But insurance companies are why they're necessary.
People pulling out the pitchforks and attacking the insurance companies.....based on a rumor some guy posts on the internet. Jim, you're the reason this site fascinates me.
Well done....
Posted on 8/17/16 at 12:14 pm to Chad504boy
Because he's a dumbass that has little to no understanding of how the insurance industry works
Posted on 8/17/16 at 12:20 pm to Festus
quote:
People pulling out the pitchforks and attacking the insurance companies.....based on a rumor some guy posts on the internet. Jim, you're the reason this site fascinates me.
Well done....
Maybe he wasn't referring to this case in particular. You're telling me you have never personally delt with or heard horror stories about people dealing with insurance companies trying to wiggle their way out of a payment.....I sure have.
Posted on 8/17/16 at 12:22 pm to patchesohoulihan_007
quote:
You're telling me you have never personally delt with or heard horror stories about people dealing with insurance companies trying to wiggle their way out of a payment.....I sure have.
You aren't alone there.
Posted on 8/17/16 at 12:25 pm to patchesohoulihan_007
There are bad situations in all industries, but please let's ignore the millions of instances that insurance companies have made their customers whole after a loss or a death.
Posted on 8/17/16 at 12:29 pm to Jim Rockford
quote:
Everbody bitches about trial lawyers, often with good reason. But insurance companies are why they're necessary
But why are insurance companies necessary?
The answer to all of these questions lies in human greed.
Posted on 8/17/16 at 12:32 pm to uway
Insurance companies are necessary to pool risk because most families cannot afford to retain their risk. But sure greed. Jesus some of you people are idiots.
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