- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Ian Observation Thread (Storm Track and Radar inside)
Posted on 9/28/22 at 3:27 pm to loogaroo
Posted on 9/28/22 at 3:27 pm to loogaroo
quote:
Cat 4 or lower, most homeowners are on the hook for a percentage. If a Cat 4 storm is subsequently re-evaluated as a 5, but that reclassification happens after the "window" for claims, homeowners are not refunded for their deductibles.
My brother just told me when we were in Tampa for the Packer game that they're liable for 2%. Not sure if that's universal or just his policy, but he's a realtor so he would know. Also, the storm then took the hard right, eyewall went right over his house, and fricked his business for the forseeable future.
Said the thing to remember is that the number is not as high as you would expect because so much of the sales price of homes is in the dirt. So even a place that goes for $1MM, the house getting wiped away will only be a portion of that $1MM to build back.
This post was edited on 9/28/22 at 3:28 pm
2
Posted on 9/28/22 at 3:27 pm to MrLSU
Posted on 9/28/22 at 3:27 pm to John88
Posted on 9/28/22 at 3:27 pm to ThePoo
quote:
A lot of the companies you see that were writing in Louisiana were based out of Florida
You are correct. This is going to cause a catastrophic insurance situation in Louisiana as even more carriers who were solvent will be completely underwater. Citizens in both states are going to need a massive cash infusion by tax payers by the end of the year.
Posted on 9/28/22 at 3:29 pm to MrLSU
Posted on 9/28/22 at 3:29 pm to MrLSU
quote:
You are correct. This is going to cause a catastrophic insurance situation in Louisiana as even more carriers who were solvent will be completely underwater. Citizens in both states are going to need a massive cash infusion by tax payers by the end of the year.
Maybe Ukraine will loan us some?
Posted on 9/28/22 at 3:31 pm to tiger91
Saving for later. Thanks
Posted on 9/28/22 at 3:31 pm to Chucktown_Badger
quote:
My brother just told me when we were in Tampa for the Packer game that they're liable for 2%
2% of the insured amount is the standard Hurricane deductible in Florida
Posted on 9/28/22 at 3:31 pm to tgrgrd00
This post is in memoriam of Surge Cams 5 & 9.
Posted on 9/28/22 at 3:31 pm to Roll Tide Ravens
quote:
Naples storm surge video
Look like a lot of those structures held up remarkably well so far.
Posted on 9/28/22 at 3:32 pm to Chucktown_Badger
quote:2% is pretty common, typically you get a choice depending on company. The higher percentage storm deductible you take the lower premium obviously because you have to come more out of pocket (1%, 2%,3%, 5%). Keep in line most loans will say you cant' carry any higher than 5% on a wind/hail-named storm-hurricane deductible
My brother just told me when we were in Tampa for the Packer game that they're liable for 2%
Also, keep in mind that a wind/hail deductible a Hurricane Deductible, and a named storm deductible are not the same thing
Pre-Ida some companies would even let you take flat $1000 deductibles or flat $2500 deductibles. Now in south Louisiana if you get get a 2% deductible you are lucky
quote:Must be some very different realtors in Florida than in Louisiana...Although a lot of them will pretend to know a lot lol
but he's a realtor so he would know.
This post was edited on 9/28/22 at 3:38 pm
Posted on 9/28/22 at 3:34 pm to MrLSU
That is correct, it will have consequences here. The ripples of Major catastrophic insurance events will be felt in every state that company writes insurance with whether that be through insolvency of the company or an increase in premium
Posted on 9/28/22 at 3:34 pm to bikerack
quote:WHY can't people get off the roads and to a safe place during shite like this? Where the hell did that driver need to be today?
Jeff P live again...he had an 18-wheeler flip in front of him and the driver is trapped
Posted on 9/28/22 at 3:34 pm to ThePoo
Posted on 9/28/22 at 3:34 pm to TexasTiger33
quote:
This post is in memoriam of Surge Cams 5 & 9.
Posted on 9/28/22 at 3:35 pm to Roll Tide Ravens
It's amazing to think about just how big and strong that weather system is.
Posted on 9/28/22 at 3:36 pm to MrLSU
quote:
The damage on Pine Island looks horrific.
Think that is where Reed Timmer is stuck.
Posted on 9/28/22 at 3:37 pm to Mr Boyles
quote:
Did not realize that Orlando had that much building going on for 19 cranes
I’m currently on a multi billion dollar project here. Can’t go into detail but it’s all over blogs.
Posted on 9/28/22 at 3:38 pm to ThePoo
quote:
Must be some very different realtors in Florida than in Louisiana...Although a lot of them will pretend to know a lot lol
He's been doing it for about 20 years full time down there, so he definitely knows his stuff. If his house survived this it's basically invincible to hurricanes. No one in their neighborhood has a webcam in their place that they know of though, so no idea.
Posted on 9/28/22 at 3:39 pm to Richard Grayson
quote:
It's amazing to think about just how big and strong that weather system is.
What's more amazing is that there are people who really think humans can control the weather.
Page 383 of 465
Popular
Back to top
Follow TigerDroppings for LSU Football News