To be Expected.

Anonymous-0 · Oct 30, 2012

Insurance agent interviewed on your TV said "Flood is not covered in your household policy"

Watch the Rats desert the sinking ship.

Then there is the interpretation of the definitions, the second storm is about to begin.It is not hard to pick the Loser.

bo · Oct 30, 2012

Flooding is never covered. You have to buy extra Federal Flood insurance for that. How is that a problem for you?

charlie n · Oct 30, 2012

There may be a few companies that sell flood insurance but most don't.Earth quake yes but not flood.
When we bought our RTV Kubota had 0% for 60 months so we used it.One condition was you had to have flood insurance.Something about when Katrina hit they lost several units they had out on lease.The company I have for the farm didn't offer it,BUT Kubota happens to own an insurance company that does.Imagine that.
Read every line on the policy and never assume anything.

bill mart · Oct 30, 2012

added the earthquake insurance a couple of years ago. $104 a year extra.Live in western ny which is on a fairly large but inactive fault. May never happen but if it does I am covered. Bill

pete black · Oct 30, 2012

federal flood insurance on coastal homes is subsidized by the federal gov(you/me), therefore; those nice coastal homes are better protected by flood insurance than you/me.

EricInSEI · Oct 30, 2012

I've always lived on high ground. Why should I pay for flood insurance when I'll never need it? And when I say high ground I mean hundreds of feet above flood stage on the Ohio River.

KIP in MX · Oct 30, 2012

The feds shouldn't be in the insurance business. I pay extra for earthquake coverage with State Farm and don't expect someone's taxes from another state to help pay if a quake hits my place. Wait till we see the bill for the flood insurance for Sandy wheather people bought it or not. I will bet the feds will let folks have the insurance after the fact if they didn't buy it.

Anonymous-0 · Oct 30, 2012

Very simple, if the water comes up it is a flood, spelled out in the Homeoweners Policy mine anyway.

thesmoothedeere · Oct 30, 2012

Does Campbell Hill count . The highest point in Ohio . I think i'm good too.

shaun wallace · Oct 30, 2012

Guess thats why all them houses burned.

oldtanker · Oct 30, 2012

(quoted from post at 17:18:22 10/30/12) Insurance agent interviewed on your TV said "Flood is not covered in your household policy"

Watch the Rats desert the sinking ship.

Then there is the interpretation of the definitions, the second storm is about to begin.It is not hard to pick the Loser.

Like someone else said flood insurance is underwritten by the federal government. That's because most insurance companies know that people are going to build in flood plains for various reasons to include the "view". They also know that if you build in a flood plain that there is a 100% chance you are going to have a claim. That being the case the insurance companies would have to really nail folks for that insurance so they just don't cover it. OPS, guess they shouldn't have built on a flood plain.

Rick

wisbaker · Oct 30, 2012

I'm just afraid the feds will get hit for a large bill on the flood insurance and decide to make it mandatory weather you need it or not. We know the big insurance companies weaseled out of Katrina claims but got sued and ended up paying the claims and damages, don't know if that was because they rightly denied claims and the government and courts shook them down for money or if they really weaseled out on claims they should of paid. It will be interesting to see how this one plays out. It doesn't seem fair the New Orleans or Homestead Florida gets bailed out for hurricanes but up here in the Northwoods the feds don't pay on forest fires or blizzards.

Dalet · Oct 30, 2012

(quoted from post at 22:30:59 10/30/12) I'm just afraid the feds will get hit for a large bill on the flood insurance and decide to make it mandatory weather you need it or not. We know the big insurance companies weaseled out of Katrina claims but got sued and ended up paying the claims and damages, don't know if that was because they rightly denied claims and the government and courts shook them down for money or if they really weaseled out on claims they should of paid. It will be interesting to see how this one plays out. It doesn't seem fair the New Orleans or Homestead Florida gets bailed out for hurricanes but up here in the Northwoods the feds don't pay on forest fires or blizzards.

I wish there was a Like button. Well said.

BCnT · Oct 30, 2012

thats the way flood insurance has been for as long as i can remember...you have to have a separate policy for flood damage and it has to be in force before the hurricane enters certain bodies of water...down here in Texas,once a storm enters the Gulf...youre SOL if you dont have a policy in effect.

ohiojim · Oct 31, 2012

another thing about flood ins., it can also be a burst pipe, which isn't covered under your homeowners if the ins. company gets picky,..oh they'll cover the pipe, but not the water damage

Greg1959 · Oct 31, 2012

I don't know for sure...When x number of disaster claims are verified and the Governor declares said area a disaster and then approved by President, FEMA is brought in. Once FEMA assesses each property and calculates damages, then a check is issued to the homeowner from FEMA.

Like I said, I don't know how it works but this is how I understood it to be when I read about how FEMA operated after KATRINA. If I am wrong, please feel free to correct me, because I would not want to give someone misinformation.

Charlie175 · Oct 31, 2012

(quoted from post at 12:39:40 10/31/12) another thing about flood ins., it can also be a burst pipe, which isn't covered under your homeowners if the ins. company gets picky,..oh they'll cover the pipe, but not the water damage

Very true. Happened to me. Kids left outside spigot on during the winter and it froze and burst in the wall. Insurance would not pay for water damage.

Leroy · Oct 31, 2012

You must be very close to me being you are just slightly outside of Bellefontain and I am between Jackson Center and Wapakoneta. Also up high and could not buy flood insurance even if I wanted to.

dhermesc · Oct 31, 2012

You've been paying for it for years with your federal tax dollars.

jm. · Oct 31, 2012

Thos folks knew when they bought that beautifull house on the ocean what the risk were. As sad as I am for their loss I do not think tax dollars should do any more for those folks than anyone else. We had TWO hundred year floods in the last two years here in middel Tenn on the Cumberland river. Lots of low intrest loans ect but if you did not have flood insurance no real federal dollars. This thing up there will end up costing us all just because of the part of the country. Just the way the ball bounces..Again nothing against helping thos folks in need but things need to be fair across the board.

mkirsch · Oct 31, 2012

You might want to read your homeowner's insurance policy over carefully and see what you're REALLY covered for. Flooding is just one example.

oldtanker · Oct 31, 2012

(quoted from post at 04:47:29 10/31/12) I don't know for sure...When x number of disaster claims are verified and the Governor declares said area a disaster and then approved by President, FEMA is brought in. Once FEMA assesses each property and calculates damages, then a check is issued to the homeowner from FEMA.

Like I said, I don't know how it works but this is how I understood it to be when I read about how FEMA operated after KATRINA. If I am wrong, please feel free to correct me, because I would not want to give someone misinformation.

Standard HO policy excludes damage from flooding.

FEMA is supposed to check to make sure that there is no coverage then cut a check. If it's insured the FEMA is supposed to pay what the insurance companies don't pay.

Thats why FEMA went back and told people "we over paid you and we want our money back". Lot of those folks flat out lied about coverage and or value.

As far as water damage from burst pipes......people, read your policies! Water damage can be covered by a policy. Most of the at risk people are going to be the ones who have their home owners policy wrapped up with the mortgage company. The mortgage company buys the cheapest policy they can when doing up the loan. That can come around and really bite you in the butt. You can get supplemental insurance to fill in gaps.

Rick

Charlie175 · Oct 31, 2012

Correct, inside plumbing issue would have been covered. However, since it was a spigot going outside that burst, then it was not covered as it was "flood" damage from external source. On of those gotcha moments. I ran it up the chain to no avail.

oldtanker · Oct 31, 2012

(quoted from post at 07:25:23 10/31/12)
Correct, inside plumbing issue would have been covered. However, since it was a spigot going outside that burst, then it was not covered as it was "flood" damage from external source. On of those gotcha moments. I ran it up the chain to no avail.

Plus the "damage caused by freezing".

Rick

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