re: If you didn't flood in Baton Rouge are you now getting flood insurance?

No. I'm not betting against myself.

You betcha. If Spanish Lake hasn't been empty, I'd be with so many others with everything ruined and no coverage. And as long as the retards running our city and parish keep letting developers fill up swamps, the risk is only going to increase.

quote:

---

And still want money when they flood........ And say, "But the chances were soooooooo low. It isnt my fault I didnt buy the insurance, it says I am in a 500 year zone...."

---

people are hypocrites

although with all the things our government wastes money on, helping its citizens in rare natural disasters seems to be one of the last things that I care about

quote:

---

People think they only need to cover what they owe on a bank loan and that isn't correct.

---

Yeah I guess if I thought about it this way it makes sense.

However, from what I'm finding on the NFIP Summary Coverage documents it says only the Residential Condominium Building Association Policy Form has a coinsurance clause. If you do not insure at least 80% of the replacement value of your home, your claim will be treated on an actual cost value basis, but it doesn't discuss any pro rata reduction in the claim for being underinsured.

Didn't flood, on a hill, can't say I wasn't worried though, and for the small cost will likely get it.

Also bought a 6 man white water raft I'll be keeping in the garage attic now just in case

quote:

---

Also bought a 6 man white water raft I'll be keeping in the garage attic now just in case

---

Stickin it out with the home boys, huh?

LINK

pg 26 and continues to 27.

quote:

---

pg 26 and continues to 27.

---

Thanks, but what am I missing?

quote:

---

4. Actual Cash Value Loss Settlement

The types of property noted below are subject to actual cash value (or in the case of V.4.a.(2), below, proportional) loss settlement.

a. A dwelling, at the time of loss, when the amount of insurance on the dwelling is both less than 80% of its full replacement cost immediately before the loss and less than the maximum amount of insurance available under the NFIP. In that case, we will pay the greater of the following amounts, but not more than the amount of insurance that applies to that dwelling:

(1) The actual cash value, as defined in II.B.2., of the damaged part of the dwelling; or

---

I understand part 2 is proportional, but it only deals with replacement costs. It seems as if you'd still received the actual cash value, including depreciation, of damaged property up to the policy limit.

quote:

---

cool. maybe you'll flood twice over next 20 years

---

kewl. Maybe an earthquake will hit me as well. You want me to get earthquake insurance too? There's a fault line running right through Baton Rouge, and i live right by it. Maybe I should by a panic room in my house. Maybe i should get a personal bodyguard that stands outside my bedroom door while I sleep in case someone breaks into my house and shoots me before i get a chance to get my gun and shoot him first. Maybe i should cut all my trees down before they get too big and possibly destroy my house one day. Maybe i should get a filtration room just in case the chemical plants around here leak shite that i can't breath in that way i'll be safe from that. I guess i need a bomb shelter too and 1000 cans of beans and water.

shite happens. I'm not living my life scared and wasteful because of the .1% of shite.

I got well over 20" of rain throughout that ordeal. My house sits at 30' above sea level. We just saw where all the water goes. Why should i be concerned for anything outside of the Mississippi destroying all of South Louisiana, which if that happens, i doubt there's anything to come back too.

quote:

---

i also find it hard to believe 50k would completely cover all costs involved in a flood renovation taking kitchen cabinets and flooring involved as well as appliances etc.

---

I'm a jack of all trades. I'll do it myself. I have savings as well.