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re: Insurance is so high that Grand Isle is letting it lapse on city buildings
Posted on 8/8/22 at 2:33 pm to tgrbaitn08
Posted on 8/8/22 at 2:33 pm to tgrbaitn08
quote:
prove me wrong
Its current state?
0
Posted on 8/8/22 at 2:34 pm to tgrbaitn08
quote:
Katrina was the best thing to happen to NOLA.....prove me wrong
And worst for BR & Houston
Posted on 8/8/22 at 2:36 pm to rt3
I mean I wouldn’t Insure it either. Better off just using RVs or mobile homes for everything on that island. Including govt buildings
Posted on 8/8/22 at 2:38 pm to rt3
Don't matter when FEMA will come in and pay for everything to get rebuilt anyway. What is the point of having insurance?
Posted on 8/8/22 at 2:54 pm to tgrbaitn08
quote:
people are rebuilding and new people are coming in and buying up property and rebuilding to code and getting affordabl insurance.
As of now, the place still looks like hell. They need to prioritize cleaning the destroyed crap up.
I very much like Grand Isle, so I hope by next summer it's in much better shape.
Posted on 8/8/22 at 3:03 pm to notiger1997
quote:
As of now, the place still looks like hell. They need to prioritize cleaning the destroyed crap up.
When were you last there? It doesnt look like hell.....yes there is a lot of work left to be done but compared to a year ago it looks a lot better. Most places are being renovated or torn down....it's hard to find help and get shite done. I was there for the 4th and was pleasantly surprised how clean the roads and beach were. All the marinas were open, the grocery stores and restaurants were open, shrimp dock was open....they only thing I was disappointed in was Ciscos Back Bar wasnt open yet,but they were renovating and going to be opening soon
Posted on 8/8/22 at 3:11 pm to tgrbaitn08
I was there late June and there were still a lot of debris and camps that hadn’t look like they had been touched yet.
Didn’t notice much of the new construction that you mentioned, but yes it was nice to see most of the businesses back and open.
Agree about the labor problem. I know people that live up Hwy 1 a ways and are still having trouble getting people to come do work. Sucks to hear they are still dealing with that after fighting for so long with insurance companies.
Didn’t notice much of the new construction that you mentioned, but yes it was nice to see most of the businesses back and open.
Agree about the labor problem. I know people that live up Hwy 1 a ways and are still having trouble getting people to come do work. Sucks to hear they are still dealing with that after fighting for so long with insurance companies.
Posted on 8/8/22 at 3:32 pm to rt3
We're on the verge of Louisiana Citizen being the only insurer in the state
Posted on 8/8/22 at 3:47 pm to KLSU
quote:
Don't matter when FEMA will come in and pay for everything to get rebuilt anyway. What is the point of having insurance?
Read my previous post. FEMA can say no.
Posted on 8/8/22 at 3:57 pm to rt3
Is it time to abandon Grand Isle?
Posted on 8/8/22 at 4:02 pm to Nado Jenkins83
quote:
Didnt their new building make it through fine?
Structurally, Multiplex did well, but they did have some leaks in the roof and had to do some replacements to drywall and ceilings, and fix portions of the roof.
Posted on 8/8/22 at 4:12 pm to tgrbaitn08
Who owns the grand isle marina
Posted on 8/8/22 at 4:20 pm to rt3
quote:
Insurance is so high that Grand Isle is letting it lapse on city buildings
when the price of insurance cost 20% of the cost of total out of pocket replacement, its simple math to determine insurance isnt worth it at those prices. if they make it 5 years without serious damage, they saved enough to completely rebuild it new again when and if it ever gets destroyed or damaged
then add to that, fema pays 60% of replacement cost to the uninsured of any disaster damage
This post was edited on 8/8/22 at 4:21 pm
Posted on 8/8/22 at 4:37 pm to djangochained
quote:
Who owns the grand isle marina
Retif bought it right before Ida
Posted on 8/8/22 at 4:41 pm to SportsGuyNOLA
Yes, everybody should start fishing further west.... like Calcasieu
Posted on 8/8/22 at 4:45 pm to SuperSaint
Would any of you write insurance for a building on Grand Isle?????
I would not.
I would not.
Posted on 8/8/22 at 5:17 pm to SportsGuyNOLA
What does it cost to insure a camp down there these days?
Posted on 8/8/22 at 5:24 pm to CajunCommander
quote:
What does it cost to insure a camp down there these days?
Friend was paying $12k a year on a $220,000 property. Minimal Ida damage, but company just dropped them. Citizens wanted $18k per year. They are going to self insure.
Posted on 8/8/22 at 5:41 pm to Tarps99
I mean you can't really expect better IMO. With how bad that storm was
Posted on 8/8/22 at 5:43 pm to tgrbaitn08
quote:
Ida was the best thing to happen to that Island....there is more money pouring in than since Katrina.......running out out the riff raft and bringing in more money.....
So a Shake Shack is in the works of being built on Grand Isle?
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