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re: Only 13% of folks in EBR had flood insurance.

Posted on 8/16/16 at 4:32 pm to
Posted by jrodLSUke
Premium
Member since Jan 2011
26529 posts
Posted on 8/16/16 at 4:32 pm to
quote:

When we flooded last year, I had about 10k in damages (HVAC, etc). Fema gave me $1100

How'd they come up with that low figure? Depreciation?
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 8/16/16 at 5:03 pm to
If FEMA only gave me 10% on the dollar, I'd be tempted to go to the casino and put it all on black.
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 8/16/16 at 5:28 pm to
quote:

tigeraddict


Did the houses across the street from you get flooded? We might be neighbors.

I bought my first house in flood zone X 4 months ago and got over a foot of water. Didn't think I'd need flood insurance so didn't pay much attention to it, in fact I don't remember my agent quoting me on it but still whatever. I'll be able to pay for my damages out of pocket so I consider myself fortunate

Have All you high and mighty people talking down about those that don't have flood insurance thought about the retired folks outside of flood zones on fixed income that $400/year is a significant amount? Yeah they definitely deserved what they got...

Posted by lsunurse
Member since Dec 2005
129146 posts
Posted on 8/16/16 at 5:36 pm to
quote:

Have All you high and mighty people talking down about those that don't have flood insurance thought about the retired folks outside of flood zones on fixed income that $400/year is a significant amount? Yeah they definitely deserved what they got...





This.
Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 8/16/16 at 5:59 pm to
quote:

Have All you high and mighty people talking down about those that don't have flood insurance thought about the retired folks outside of flood zones on fixed income that $400/year is a significant amount? Yeah they definitely deserved what they got...



If you're retired, on a fixed income, and you cannot afford the flood insurance premium, you should downsize or cut elsewhere. I'm not being a dick, and under no circumstances did anyone deserve any of this, but insurance is part of the cost of owning a home. If you opt not to purchase it, you're absorbing that risk, and you should only absorb that risk if you can afford to do so.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
45408 posts
Posted on 8/16/16 at 6:09 pm to
quote:

There is this little thing called the Mississippi River. It sits behind an earthen levee. Reason #1 to have it.



My house is less than a mile from the Mississippi River, since I am on the natural floodplain, my land is a higher elevation than the rest of the city.
I am not required to have flood insurance, but for $1 a day I would be stupid not to.
Posted by ILikeLSUToo
Central, LA
Member since Jan 2008
18018 posts
Posted on 8/16/16 at 6:38 pm to
quote:

Yeh. Working citizens who make decent money wont be the ones who get the full 33k.....



Someone from FEMA told me on the phone that it is not income-based. It is based on damages and what your insurance coverrs. I hope they are telling the truth, but the application asked for my income.
This post was edited on 8/16/16 at 6:39 pm
Posted by udtiger
Over your left shoulder
Member since Nov 2006
117086 posts
Posted on 8/17/16 at 9:31 pm to
quote:


Are you envious of their situation?


No. Annoyed.

I don't believe this is constitutional at the federal/national level. That said, since it is a program that does exist...

While stupid, if someone is not in a flood zone and does not carry it, I can see such relief being there. People who are in flood zones that don't carry it should suffer the penalty for their stupidity.

This post was edited on 8/17/16 at 9:48 pm
Posted by Cash
Vail
Member since Feb 2005
37641 posts
Posted on 8/17/16 at 9:37 pm to
quote:

nobody here thinks it means that since we have had this flood wee are good for another 1000 years


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