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YOUR BALANCE
Insurance companies Greed
Tiger Boards - Clemson Football
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Replies: 87
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Insurance companies Greed

13

Oct 5, 2024, 9:49 AM
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shows in denial of claims for the people they cover in the Upstate and Western NC. I know a family in Spartanburg County, whose home was basically destroyed by water and wind damage. Never dreaming that a home 25 feet above the Middle Tyger River could actually be destroyed by water. Yet the Greedy "basTurds' (pun intended), claim their homeowners Insurance will only cover some tree damage and their automobile that a tree fell on. These folks have lived in this home since 1975 and NEVER filed a claim, but of course the A-holes at State Farm don't want to cover anything but the bare minimum. In an unheard of natural disaster, that only God knew could happen, should be covered totally by simple Homeowners Insurance. Their insurance company is a disgrace and a class action suit should bankrupt them.
It' just like my auto insurance with the same company, I have fleet insurance but I have NEVER filed a claim, why? Because if I do, they will either cancel my policy or raise my rates to a level that's unaffordable. Laws require you to have Auto Insurance coverage, there should be also be a law that just because you have a claim, it can't be denied, your policy can't be cancelled or your premium increased! These leaches called Insurance or nothing but legal robbery. Simply put it's allowing a business to take your money by laws, yet when you file a claim little or nothing. It's called INSURANCE for a reason!

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Flood Insurance is optional

14

Oct 5, 2024, 10:04 AM
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Although some lenders require it. It sounds your friends in Spartanburg chose not to have this coverage.

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Re: Flood Insurance is optional

2

Oct 5, 2024, 10:18 AM
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Not sure of the facts but hopefully FEMA can help. This is absolutely where they should step in to help as a backstop for folks, but I don’t know the rules.

https://www.floodsmart.gov/appeal-your-flood-claim#:~:text=On%20appeal%2C%20FEMA%20will%20work,Seek%20an%20appraisal.

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Re: Flood Insurance is optional

6
19

Oct 5, 2024, 10:26 AM
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Yeahhhh fema gave all their money to illegals , per their own admission…. So they ain’t covering this

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Re: Flood Insurance is optional

4
13

Oct 5, 2024, 10:50 AM
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Lies, quit repeating trump's lies.

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Re: Flood Insurance is optional

3
12

Oct 5, 2024, 11:17 AM
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Not lies at all. They absolutely robbed FEMA of billions to supply non-citizens. Their OWN admission that they'll not have money despite a funded FEMA, and it's been shown the money went in that direction. YOU don't believe mainstream media lies covering for these fools

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Its lies***

2
3

Oct 5, 2024, 11:47 AM
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Re: Flood Insurance is optional

3

Oct 5, 2024, 2:29 PM [ in reply to Re: Flood Insurance is optional ]
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They DID.....NOT
Jesus, some of you spend your lives getting led around by carnival barkers.

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Re: Flood Insurance is optional

1
4

Oct 5, 2024, 11:23 AM [ in reply to Re: Flood Insurance is optional ]
Reply

Truth hurts

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Re: Flood Insurance is optional


Oct 5, 2024, 12:04 PM
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That's the understanding I got from my insurance company, and I chose not to have it. Next hurricane season I think that I may add the flood coverage just for the hurricane season bc of this global warming thingy we never know what will be coming our way with the weather!!!

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Re: Flood Insurance is optional

1
2

Oct 5, 2024, 11:47 AM [ in reply to Re: Flood Insurance is optional ]
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Who told you that? Your lefty buddies at the New York Times?

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Re: Flood Insurance is optional


Oct 5, 2024, 12:07 PM
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It's true TigerNick04, they don't tell you and they won't ask you if you want the flood coverage. You might want to ask them if you're covered in case of a flood...

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You are a perfect example of how hatred

1
9

Oct 5, 2024, 11:56 AM [ in reply to Re: Flood Insurance is optional ]
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can infect one’s mind. The head of FEMA has stated they are broke. It’s a fact. Yes congress will be forced to give FEMA more money, but the fact is that the organization has already spent the money budgeted to them. What this comes down to is how they spent the money. Myself and many others believe they wasted the money on initiatives the organization has no business funding. One can only assume that you and your fellow haters, believe FEMA blew the money on valid initiatives. There in lies the real debate. I don’t believe FEMA should be spending their funds on illegal aliens & open borders. You have no problem with it.

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Fema, under any party, gets additional money post hurricanes and natural

1

Oct 5, 2024, 1:41 PM
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disasters all the time for specific cases. FEMA doesn't have unlimited funds, is allocated them by congress, and it will get replenished and have the money to pay out during this crisis just like any other.

Some of this is just normal process for how congress and the agency works. All leadership (even McConnel) wants Congress to come pack in session to pass the supplemental spending bill. So far the House leader doesn't feel it's necessary. We shall find out soon enough.

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Re: Fema, under any party, gets additional money post hurricanes and natural


Oct 5, 2024, 2:36 PM
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So, basically you are saying that FEMA is only funded post disaster? They keep zero in the account until something awful happens? Then they have to wait on congress? I don’t think so. They have been spending on something. I have no idea if it illegals or not but their money is gone.

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FEMA has a budget, but not so much to have full funds for every disaster


Oct 6, 2024, 10:53 AM
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every year, partly because they just don’t overfund departments for projections such as just how bad a hurricane season ‘could’ be. And the house just punted - last month - on adding the requested money by FEMA to get thru this hurricane season in their short term spending bill since they couldn’t come to full fiscal year agreements. There was a disagreement on what would be ‘enough’.

Essentially FEMA has an operating budget and a disaster relief fund. The fund gets replenished every year by Congress and is used to pay for recovery from hurricanes, floods, earthquakes and other disasters. FEMA also pays for rebuilding from past disasters and for projects designed to protect communities against future calamity.

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Re: Flood Insurance is optional

1

Oct 5, 2024, 12:04 PM [ in reply to Re: Flood Insurance is optional ]
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Hey in this case I don’t think Thump has anything to do with insurance payment. It’s more about insurance companies not wanting to pay claims Scam

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It's not a scam...most homeowner's insurance will cover water damage, but not


Oct 6, 2024, 5:41 PM
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in the case of rising waters. Flood insurance is a federal program and is not included in your homeowner's insurance. If you read your policy, it is clearly stated.

The bigger issue is people building or buying houses in areas that can possibly flood. If they do, then they should buy the flood insurance!

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Re: Flood Insurance is optional

3

Oct 5, 2024, 12:06 PM [ in reply to Re: Flood Insurance is optional ]
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Money was budgeted to illegals, FEMA was given the money to distribute. Point remains the US government prioritizes illegals over citizens.

“The DHS Appropriations Act 2024 shows that the money is from the U.S. Customs and Border Protection (CBP) budget, which is then given to FEMA to hand out, "helping to facilitate the safe, orderly, and humane release of asylum seekers and families".

CBP influences where the cash is spent, with a requirement to send operational data to FEMA on a quarterly basis. This data helps guide FEMA on where to allocate the funds, particularly to shelters that support CBP's border security mission.

The first wave of funding for 2024 came in April, with $259.13 million allocated. Another round was announced late August.”

https://www.newsweek.com/kamala-harris-fema-hurricane-helene-relief-funding-biden-1963998

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Yes, money is used for humanitarian purposes. And yes, FEMA will do what they


Oct 5, 2024, 1:44 PM
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are statutorily allowed during this crisis. If you'd like to see what the current FEMA rules and process is, you can start here on some changes announced in January:

https://www.fema.gov/press-release/20240119/biden-harris-administration-reforms-disaster-assistance-program-help

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Curious how you think $750 in immediate cash (how quickly is immediate?) is


Oct 5, 2024, 2:16 PM
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going to help people who’s house and town have been washed away?

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The $750 is for serious need assistance, available immediately. This is just


Oct 5, 2024, 2:26 PM
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the beginning of what will be done for the people eligible. FEMA lists on their website all the various assistance people can apply for and what it will do in the help of the rebuilding effort.

Here are some other, ongoing, funds that will help those eligible:

- Funds for temporary housing while you are unable to live in your home, such as rental assistance or reimbursement for hotel costs
- Funds to support the repair or replacement of owner-occupied homes that serve as the household’s primary residence, including privately-owned access routes, such as driveways, roads, or bridges
- A temporary housing unit, if approved for the disaster, when you are not able to use rental assistance due to a lack of available housing resources
- Funds for hazard mitigation assistance to help eligible homeowners repair or rebuild stronger, more durable homes
- Funds for other uninsured or under-insured disaster-caused expenses and serious needs

This is a press release from January talking about reforms in trying to make this process easier and faster - https://www.fema.gov/press-release/20240119/biden-harris-administration-reforms-disaster-assistance-program-help

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Also, if we as taxpayers disagree with the max amounts for individual assistance


Oct 5, 2024, 2:34 PM [ in reply to Curious how you think $750 in immediate cash (how quickly is immediate?) is ]
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we need to lobby our representatives in Congress. Congress is responsible for setting the maximum amounts that FEMA (Federal Emergency Management Agency) can pay to individuals in disaster zones, primarily through legislation. FEMA’s authority to provide financial assistance is governed by laws like the Stafford Act, and Congress controls the overall funding through the federal budget process.

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humanitarian???


Oct 6, 2024, 5:19 PM [ in reply to Yes, money is used for humanitarian purposes. And yes, FEMA will do what they ]
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Giving American tax dollars to illegal aliens in exchange for their votes is a much more accurate description.

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Oh, you're one of those who disagrees with the judges around the country


Oct 7, 2024, 6:48 AM
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who looked at those rumored cases on whether there was/is extensive illegal voting or not.

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Re: Flood Insurance is optional


Oct 5, 2024, 12:17 PM [ in reply to Re: Flood Insurance is optional ]
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Few have seen fema in western NC.
Fact

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How do you see them? Do they wear jackets like the FBI? Im actually being

1

Oct 5, 2024, 1:47 PM
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serious. I know FEMA has helped organize rescues and food drops out of the Hickory Airport, along with others places. Brock Long (FEMA head under Trump) was seen there doing his part to help.

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Re: Flood Insurance is optional

1

Oct 5, 2024, 1:45 PM [ in reply to Re: Flood Insurance is optional ]
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bparent said:

Lies, quit repeating trump's lies.


You are ignorant.

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Re: Flood Insurance is optional

2

Oct 5, 2024, 1:49 PM [ in reply to Re: Flood Insurance is optional ]
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Lies? This comes from FEMA's own website. Are you now going to imply that FEMA is lying? LOL

https://x.com/Ghost_of_Gatsby/status/1842221277437722698

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"Dabo doesn't want to use the portal. We should just stop saying that he does". ~ Judge Keller


Re: Flood Insurance is optional


Oct 5, 2024, 1:51 PM
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It's the source.

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FEMA is fueled by supplemental appropriations.


Oct 5, 2024, 11:47 AM [ in reply to Re: Flood Insurance is optional ]
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Meaning when a big storm hits, they'll ask congress to fund recovery efforts through the disaster relief fund made possible by a specific law on the books.

It's why it matters when a governor declares a disaster. It triggers a process that in turn opens the door for the president, with FEMAs recommendation, to finalize the disaster request, and thus open the door for FEMA to go get the appropriation from congress.

This relief fund is not designed to provide housing/assistance to illegal immigrants in non-disaster zones.

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"We aren't always going to win national championships." - tdqtiger


Re: Flood Insurance is optional

6

Oct 5, 2024, 10:30 AM [ in reply to Re: Flood Insurance is optional ]
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Fema is broke .

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Re: The question is , Why is Fema broke?***

1

Oct 5, 2024, 10:34 AM
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Re: The question is , Why is Fema broke?***

2
9

Oct 5, 2024, 10:43 AM
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Fema is broke because the Biden/Harris Admim.spent 1.3B of their money
on migrant upkeep.

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Re: The question is , Why is Fema broke?***

2
5

Oct 5, 2024, 10:53 AM
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Lies, already debunked. Fema is not broke. And, once the lazy legislators return to DC then Fema will have more money because of continuing bad weather.

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Another angle

7

Oct 5, 2024, 11:07 AM
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For the sake of discussion, let’s put aside the idea of which pot it is coming from (FEMA or not). Can we all agree that folks that are illegally crossing our border are getting more of our tax dollars,per person, than our own citizens that have lost everything?

To the OP, so sorry for your friend. Regular insurance home owner’s policies are not going to cover flood damage. I have often thought of taking out a flood policy on our home. This storm is going to have me do it.

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I don't think we can agree to that, no.

1

Oct 5, 2024, 11:51 AM
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I would want to see the non-partisan Congressional Budget Office's take on that before agreeing with it.

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"We aren't always going to win national championships." - tdqtiger


The citizens who lost everything, which is terrible, will have FEMA assistance


Oct 5, 2024, 1:50 PM [ in reply to Another angle ]
Reply

to try and help them get back to a stable place. Here is a place to start researching the recent changes to speed it up, cut previous red tape and get people emergency money when they need it followed by the longer process of applying for greater aid.

https://www.fema.gov/press-release/20240119/biden-harris-administration-reforms-disaster-assistance-program-help

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Re: The question is , Why is Fema broke?***

1

Oct 5, 2024, 1:49 PM [ in reply to Re: The question is , Why is Fema broke?*** ]
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bparent said:

Lies, already debunked. Fema is not broke. And, once the lazy legislators return to DC then Fema will have more money because of continuing bad weather.


You're getting more ignorant and absolute stupid!

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Re: The question is , Why is Fema broke?***

2

Oct 5, 2024, 11:04 AM [ in reply to Re: The question is , Why is Fema broke?*** ]
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The entire government is broke, technically. But when you can print money are you ever really broke?

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Ask the Weimar Republic******

1

Oct 5, 2024, 11:40 AM
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Thats a lie***

1
1

Oct 5, 2024, 11:48 AM [ in reply to Re: Flood Insurance is optional ]
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Stop spreading MAGA propaganda

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A lot of homes in Columbia were flooded that were nowhere near flood plains

1

Oct 5, 2024, 11:39 AM [ in reply to Re: Flood Insurance is optional ]
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or zones even. The sheer amount of water that fell rushed under and through many homes just the same. Most of these did not have extra flood insurance, so being in a FEMA emergency zone allowed for interest-free or very low interest loans for repairs. I imagine many of those recipients refinanced all of that during the Covid low interest phase.

2015 rain event, not this latest.


Message was edited by: wildblulou®


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Re: Flood Insurance is optional

5

Oct 5, 2024, 10:26 AM [ in reply to Flood Insurance is optional ]
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If you live in a flood plain, yes, required by lenders. Unfortunately, there are lots of folks nowhere near a flood plain that suffered flood damage.

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Re: Flood Insurance is optional

7

Oct 5, 2024, 10:31 AM
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Doesn’t change the fact that the insurance contract probably plainly states they won’t cover flood damage. That’s a risk these people knew they were taking. Same with earthquake insurance.

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For those who chose to build in a flood prone area

1
3

Oct 5, 2024, 11:39 AM
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and go without NFIP, yes, it's on them. However, NFIP probably would push back on their claims, anyway, as caused by something other than flooding. It's how they roll.

Over-development is not a popular discussion, and usually dismissed as NIMBYism, but it is a needful one.

Many of these mountain cities/towns are not a good fit for mass, dense, urban-type development. Man-made watersheds are real things, and can create instant flood zones that don't show up on the flood maps.

Which is to say, just because you *want to live in Asheville and have a cool million to develop a lot on the side of a mountain or near a flood plain, doesn't mean you should *get to build it.

But if you do, don't whine about it when the insurance payout doesn't cover the replacement cost. Because sure as you're born, it won't.

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"We aren't always going to win national championships." - tdqtiger


Re: Insurance companies Greed

8

Oct 5, 2024, 10:18 AM
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FYI. Flood is not covered by homeowners insurance. It is a separate policy written by the National flood insurance program and is optional coverage if the property is not in a flood zone. Insurance companies cover what the policy states they cover. They don’t choose what to cover and not cover after a claim happens. They have to treat everyone equally based on what the policy covers.
That being said, who thinks they need flood insurance in the mountains? It’s really an awful situation.

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yep, even government flood coverage won't cover you if you're not in

3

Oct 5, 2024, 10:19 AM
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a flood zone. At least that is what I learned some years ago.

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what the he11 do you know about football?


So you can get flood insurance but if you are not in a flood zone it does not

3

Oct 5, 2024, 10:30 AM
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matter? ####, what do you do then?

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Re: yep, even government flood coverage won't cover you if you're not in

5

Oct 5, 2024, 10:37 AM [ in reply to yep, even government flood coverage won't cover you if you're not in ]
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Government subsidized flood insurance only covers you if you are stupid enough (like me) to build in a flood zone. That said, if you’re not in a flood zone, obtaining a flood rider on your policy is ridiculously cheap, like 100-200 annual and a must have for everyone.

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Re: yep, even government flood coverage won't cover you if you're not in

3

Oct 5, 2024, 10:42 AM
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I generally over insure until I got married, I took my life insurance down. Not sure I want to incentivize my demise.


Kidding, but she def does not know how much I am worth dead.

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Re: yep, even government flood coverage won't cover you if you're not in

2

Oct 5, 2024, 11:06 AM [ in reply to Re: yep, even government flood coverage won't cover you if you're not in ]
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I live in Florida, I know all about Flood and Hurricane insurance. I know the rules and contracts. Sounds to me like there a lot of Insurance Agents on T-Net. Always explaining why they "DON'T COVER THAT!"

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Re: yep, even government flood coverage won't cover you if you're not in

2

Oct 5, 2024, 11:02 AM [ in reply to yep, even government flood coverage won't cover you if you're not in ]
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Not sure about your specific circumstances but the National flood insurance program classifies all property, so everyone is eligible to buy flood insurance. If you are technically not in a flood zone, you are classified in an “X” zone. X is a preferred zone and where rates are the cheapest. The maximum coverage you can buy is 250k on the dwelling and 100k on contents.

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Re: Insurance companies Greed

3

Oct 5, 2024, 10:22 AM [ in reply to Re: Insurance companies Greed ]
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Yea flood is only required around the coast from what I have learned from folks that have housing down there. I have never had flood insurance either. Just one of those deals where one would not think it would ever be needed.

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MEG


The not so silver lining, Developers will buy up distressed storm properties

2

Oct 5, 2024, 10:26 AM [ in reply to Re: Insurance companies Greed ]
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For pennies on the dollar especially in prime locations. They will then redevelop higher end properties and make windfall profits at the expense of storm victims.

Got to love free enterprise and capitalism.

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Re: The not so silver lining, Developers will buy up distressed storm properties

3

Oct 5, 2024, 10:33 AM
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Actually changes were made to flood insurance premiums a few years ago. I own a home that is in a flood zone. The first floor elevation though is 21 ft above sea level. With that said my “basic flood” policy ($100,000 on contents and $250,000 on structure) went from $601 to $5,140. That’s not Pennie’s on the dollar!!!!!

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Kind of missed the point, just a comment on Developers tactics***

3

Oct 5, 2024, 10:37 AM
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Re: The not so silver lining, Developers will buy up distressed storm properties

3

Oct 5, 2024, 10:40 AM [ in reply to Re: The not so silver lining, Developers will buy up distressed storm properties ]
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The poster was saying developers not insurance companies. It happened in Pensacola with.. Ivine I think. A lot of thr damage was classified as flood, and disputes between wind storm and flood insurance companies took years to litigate. Many couldn't afford to keep the destroyed property that was their home due to this, so they sold to developers who bought them cheap for the area and put in monstrosities.

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Re: The not so silver lining, Developers will buy up distressed storm properties

3

Oct 5, 2024, 10:50 AM [ in reply to Re: The not so silver lining, Developers will buy up distressed storm properties ]
Reply


Actually changes were made to flood insurance premiums a few years ago. I own a home that is in a flood zone. The first floor elevation though is 21 ft above sea level. With that said my “basic flood” policy ($100,000 on contents and $250,000 on structure) went from $601 to $5,140. That’s not Pennie’s on the dollar!!!!!


You need to shop that quote. First of all there is the Federal Flood insurance if you are in a flood zone. My home is in a VE, 700k structure and it’s 2k a year. Although the Federal will not cover more than 300k (that’s where it maxes out). What you need to do is get a Flood Elevation Certificate done by a licensed Surveyor. If you are 21ft above sea level as you claim, then your policy will be a heck of a lot less. They count elevation to the free board of the dwelling. Hope that helps because you’re being screwed!

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Re: The not so silver lining, Developers will buy up distressed storm properties

1

Oct 5, 2024, 11:12 AM
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The NFIP has to be rated properly to get the correct premium. I agree, get a current elevation certificate and get an agent that writes a lot of flood insurance to quote it. NFiP has changed a lot of the flood elevations over the last few years. That could be the issue as well.

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Re: The not so silver lining, Developers will buy up distressed storm properties

3

Oct 5, 2024, 10:35 AM [ in reply to The not so silver lining, Developers will buy up distressed storm properties ]
Reply

Same happened in Lahaina

Between the government and the disaster capitalists, it was a challenge. I like the idea of the community land trust to keep the land from either mentioned party.

https://www.theguardian.com/us-news/2024/mar/15/maui-wildfires-community-land-trust

https://www.usatoday.com/story/news/nation/2023/09/02/maui-fire-developers-investigation/70740771007/

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Re: The not so silver lining, Developers will buy up distressed storm properties***

2

Oct 5, 2024, 10:39 AM [ in reply to The not so silver lining, Developers will buy up distressed storm properties ]
Reply



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Re: The not so silver lining, Developers will buy up distressed storm properties

3

Oct 5, 2024, 10:42 AM [ in reply to The not so silver lining, Developers will buy up distressed storm properties ]
Reply

Tropical said:

For pennies on the dollar especially in prime locations. They will then redevelop higher end properties and make windfall profits at the expense of storm victims.

Got to love free enterprise and capitalism.


Greedy developers, as you so ignorantly call them can’t buy anything unless someone agrees to sell it to them. What person with raw acreage would have suffered “losses” as you put it? If you’re talking about individual homeowners that may now owe a bank more than the home is worth and cannot rebuild, it’s sad but that is the way it does and should work. If you didn’t elect to get a $200 a year flood policy and now have lost it’s like crying foul at the craps table. You rolled the dice and you lost

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Re: The not so silver lining, Developers will buy up distressed storm properties

1

Oct 5, 2024, 11:30 AM
Reply

Thank you, Jake, from State Farm!
Tropical said:

For pennies on the dollar especially in prime locations. They will then redevelop higher end properties and make windfall profits at the expense of storm victims.

Got to love free enterprise and capitalism.


Greedy developers, as you so ignorantly call them can’t buy anything unless someone agrees to sell it to them. What person with raw acreage would have suffered “losses” as you put it? If you’re talking about individual homeowners that may now owe a bank more than the home is worth and cannot rebuild, it’s sad but that is the way it does and should work. If you didn’t elect to get a $200 a year flood policy and now have lost it’s like crying foul at the craps table. You rolled the dice and you lost




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Important to understand your coverage especially regarding flooding

2

Oct 5, 2024, 10:19 AM
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Tree fell and damaged my car during storm. Comprehensive covers towing, all repairs and rental with no deductible.

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Re: Insurance companies Greed

4

Oct 5, 2024, 10:21 AM
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I have been a homeowner for 30 years. Flood insurance has always been a separate add on in South Carolina. All expenditures should be viewed as ROI. Why anyone would not invest to protect their most valuable asset is crazy.

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Re: Insurance companies Greed

4

Oct 5, 2024, 10:30 AM
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Sorry but it’s a contract. The contract specifically states they will not cover flooding without flood insurance. I’m not sure they are in the wrong here. They are just following the contract that both parties agreed to.

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After 2015 everyone in SC should know about flood insurance

5

Oct 5, 2024, 10:32 AM
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If you don’t understand that homeowners insurance doesn’t cover flood damage, that’s on you.

Why should the insurance company pay for something that is clearly not covered by their policy?

Let’s all be adults here. We all own insurance companies in our 401K and I’d be pissed off if I found out they were covering uninsured flood damage. They would go broke and we wouldn’t have any insurance.

I hate that it happened, but this is the purview of charities, churches, governments disaster funds and your personal willingness to help others.

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Re: After 2015 everyone in SC should know about flood insurance

4

Oct 5, 2024, 10:50 AM
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I will believe insurance companies poor mouthing when they stop running $50 Million dollar commercials all day every day and paying lifetime perpetual commissions on a product sold once. I have never dealt with a more wasteful business. There is no amount of regulatory intervention in that business that is "too much." If you refuse to buy into the scam? No worries they will just make it a legal requirement for you to buy their product. Their marketing budget is only rivaled by their lobbying budget.

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I saw this back in Texas all the time.

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Oct 5, 2024, 11:11 AM
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I used to hold a low opinion of plaintiff's lawyers who go after insurance companies on behalf of their clients.

I don't anymore. I saw too many times how the companies would deny storm claims over technicalities in the fine print of the policies, which are engineered to not pay out.

After Hurricane Ike, the state-run insurance provider of last resort for Texas coastal communities actually denied claims by the tens of thousands -- people who lost everything -- on the basis that their home wasn't blown away by the hurricane, it was washed away by the sea and should therefore be a national flood insurance claim.

They did it again after hurricane Harvey.

So y'all who talk about carrying flood insurance probably haven't lived the nightmare. Because the flood insurance adjuster will come back and say it's a wind/homeowner's claim.

And even when they actually do pay out, it's often for a fraction of the replacement/adjusted value.

They'll do the exact same thing to everyone around here.

And forget FEMA. FEMA has been and remains a total debacle.

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Re: I saw this back in Texas all the time.

2

Oct 5, 2024, 11:17 AM
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You are exactly right, and I guess my point in my original post was, "All Insurance Companies will screw you every time, all the time, if they can find a loophole!" Like I said in my original post, Greedy Bass-Turds!
A1ASauce® said:

I used to hold a low opinion of plaintiff's lawyers who go after insurance companies on behalf of their clients.

I don't anymore. I saw too many times how the companies would deny storm claims over technicalities in the fine print of the policies, which are engineered to not pay out.

After Hurricane Ike, the state-run insurance provider of last resort for Texas coastal communities actually denied claims by the tens of thousands -- people who lost everything -- on the basis that their home wasn't blown away by the hurricane, it was washed away by the sea and should therefore be a national flood insurance claim.

They did it again after hurricane Harvey. And even when they do pay out, it's for a fraction of the replacement/adjusted value.

They'll do the exact same thing to everyone around here.

And forget FEMA. FEMA has been and remains a total debacle.




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You only have to show worth to avoid auto insurance.

1

Oct 5, 2024, 11:18 AM
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It's the friggin' finance companies and banks who require auto insurance.

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Flood insurance covers floods, not a homeowners policy

1

Oct 5, 2024, 11:20 AM
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I'm sorry people are hurting from this storm.

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NFIP is just as bad as private carrier insurance.

2

Oct 5, 2024, 11:30 AM
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They'll deny claims by the hundreds/thousands up in WNC on the basis that the home was lost not to flooding, but to earth movement/landslides. And the policyholders will have to go get an engineer to do a study to refute NFIP's conclusion.

For private insurers, claim denial is a matter of profitability. For government backed insurers like NFIP, it's a matter of solvency.

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Denying a claim is not something


Oct 5, 2024, 11:54 AM
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that is done lightly at most insurance companies. There is way too much risk involved in denying a claim improperly for insurance companies. Are there claims that are denied that should not have been? Sure there are. However, most claims people are trying to pay what is owed and move on to the next claim. There is no vast conspiracy to deny claims at most companies.

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You don't get what you don't pay for******

2

Oct 5, 2024, 11:30 AM
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You don't get what you don't pay for ...

2

Oct 5, 2024, 11:32 AM
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and you don't get what you do pay for, either, when it comes to your average insurance policy.

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I did, more than once.

1

Oct 5, 2024, 11:43 AM
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Storm damage to my home in Easley,
Storm damage to vehicles in Beaufort county, storm damage to a home in Bluffton.

Bo Mehaffey in Easley is still my agent 30 years on. He really takes care of his clients.

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Re: Insurance companies Greed

1

Oct 5, 2024, 11:51 AM
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Also, some insurance policies cover damage during a riot and some don't. Most companies have very bare bones policies, gold standard policies, and everything in between. We have the option to add earthquake coverage here in WV, but we don't.

Still, it is a major tragedy. When my wife was a kid their house was completely underwater in an urban flash flood. They were evacuated by boat and lost everything. They got some FEMA money, but mostly a low interest loan thru FEMA to rebuild. They essentially had to pay for their house twice.

Our prayers go out to all.

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Re: Insurance companies Greed


Oct 5, 2024, 12:32 PM
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Henry: My home was damaged in a flood calling to put claim in for damages
Adjuster: It was determined that the wind damaged your home Mr Henry. Claim denied sorry.🙄

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Re: Insurance companies Greed

1

Oct 5, 2024, 1:48 PM
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If you’re pissed at insurance companies, you’ve got a couple choices.

In most states, you can pursue an issue via the state insurance commission.

You can hope that some big government program comes in and bails you out. You want big guv?

You can build a house that is prepared to withstand climate change, or you can move to a location that can better withstand climate change. This last option is not BS. Ignore at your own peril.

Climate change is not politics. It has always been science and it is becoming an IQ issue.

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Re: Insurance companies Greed


Oct 5, 2024, 2:15 PM
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Flood insurance is completely different than homeowners insurance. Everyone has the option of adding a flood policy if they choose. Living away from the ocean many people are not familiar with it.

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Re: Insurance companies Greed


Oct 5, 2024, 2:37 PM
Reply

This is unfortunate situation for a lot of good people. Yes insurance companies are not always fair when it comes to adjusting. I’m an independent agency owner and I’m disappointed by the incompetence of some adjusters. Most do try their best to pay out as long as the peril is covered. But you obviously have never read a home policy or had a good agent that discusses that flood is not covered on the home policy. You have to have the national flood program policy or private flood policy. There are some companies that may offer a limited endorsement for flood for 25k in the home policy, But that is not enough usually.

When we have major storm events I’m always being the insureds advocate and helping them get what they deserve on their policy. But the fact is most people never buy flood insurance or earthquake insurance unless required by the lender. I don’t live in a flood zone but I have flood and earthquake. I don’t trust the fema maps. Too much politics go one and those maps show no flood when it’s very possible it could flood. For example I put in my flood program quoting system 371 main st chimney rock. This is on that street that was heavily flooded. It shows that the address is not in a flood zone. This is next to the creek. I am devastated by all the non help these victims of the hurricane. Our tax dolllars go to help other countries, not our own citizens. God help all those affected. Please don’t ask me for insurance here. I’m not on tigernet for any business purposes. Just love my tigers.

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Re: Insurance companies Greed


Oct 5, 2024, 3:59 PM
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Yes, when we let insurance companies separate floods from homeowners insurance, we got screwed as consumers and homeowners. If you own a home and insure it against loss, that should include any loss. They can increase premiums accordingly for those in flood plains and coastal areas.

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Class of '87


Stupid Post


Oct 6, 2024, 10:58 AM
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It’s called individual responsibility. Maybe you are a Gen z or millennial and are not familiar with the concept. If I want insurance, buy it. If not, take the risk.

Your post is irrational. Should Home Depot just open their doors for free lumber, tools, generators, etc? No. But if they want to, they can choose that as a private business.

I suppose u also want your college loan paid off.

Use your energy to go to the area and help clean up!

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Re: Insurance companies Greed


Oct 6, 2024, 11:09 AM
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Insurance companies raise rates a good bit every year even on their best customers with no claims. For this reason I shop rates and switch insurance companies every three years or so. They aren’t loyal to me…….I’m not loyal to them.

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Re: Insurance companies Greed


Oct 6, 2024, 11:10 AM
Reply

Insurance companies raise rates a good bit every year even on their best customers with no claims. For this reason I shop rates and switch insurance companies every three years or so. They aren’t loyal to me…….I’m not loyal to them.

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Re: Insurance companies Greed


Oct 6, 2024, 5:47 PM
Reply

Insurance is extremely cut and dry with what you decide to purchase

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