Posted on 12/16/2005 5:26:16 AM PST by bessay
I demand to retroactively play last week's lotto.
The very-limited-if-any assistance people in the depression got from fedgov is a fair point. Do you know what the median tax rates were in the 30's?
I have no problem with CCC and other work programs. I love to visit Skyline Drive, in the Shenadoah Forest. It is amazing to see what those men did with picks and shovels.
Where I have problems, is people lining up for the dole. The lines are getting longer every day. "Disaster" aid is just a transfer from the taxpayers, to those affected. In the case of LA, and much of the hurricane areas affected, the lines are extraordinarily long... yet, even the pigs learned not to build out of straw... and to have a solid foundation (preferably above sea level)...
I have to take this one - anyone can buy flood insurance. I sell flood insurance to people in both high and low risk zones - and anyone can buy it. It's all underwritten by the government - only people who live in a flood plain are required to buy flood insurance.
Well, that would be a damend lie, wouldn't it?
You can get it if you don't live in a flood plain; and you can buy it from almost any insurance company; Nationwide offers it.
Perhaps you should read the FEMA home page:
Flood Insurance infoAbout National Flood Insurance
In 1968, Congress created the National Flood Insurance Program (NFIP) in response to the rising cost of taxpayer funded disaster relief for flood victims and the increasing amount of damage caused by floods. The Mitigation Division a component of the Federal Emergency Management Agency (FEMA) manages the NFIP, and oversees the floodplain management and mapping components of the Program.
Nearly 20,000 communities across the United States and its territories participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage. In exchange, the NFIP makes Federally backed flood insurance available to homeowners, renters, and business owners in these communities.
Flood damage is reduced by nearly $1 billion a year through partnerships with communities, the insurance industry, and the lending industry. Further, buildings constructed in compliance with NFIP building standards suffer approximately 80 percent less damage annually than those not built in compliance. And, every $3 paid in flood insurance claims saves $1 in disaster assistance payments.
The NFIP is self-supporting for the average historical loss year, which means that operating expenses and flood insurance claims are not paid for by the taxpayer, but through premiums collected for flood insurance policies. The Program has borrowing authority from the U.S. Treasury for times when losses are heavy, however, these loans are paid back with interest.
Flood Insurance is required by law
To get secured financing to buy, build, or improve structures in Special Flood Hazard Areas (SFHA's) you will be required to purchase flood insurance. Lending institutions that are federally regulated or federally insured must determine if the structure is located in a SFHA and must provide written notice requiring flood insurance.
Flood insurance is available to any property owner located in a community participating in the NFIP. All areas are susceptible to flooding, although to varying degrees, in fact, 25% of all flood claims occur in the low-to-moderate risk areas. Flooding can be caused by heavy rains, melting snow, by inadequate drainage systems, failed protective devices such as levees and dams, as well as by tropical storms and hurricanes.
There's a big difference between having to buy flood insurance because the law says you must and choosing to buy flood coverage because it's in your best interests to do so. We recommend that all property owners purchase and keep flood insurance because it is the best means of recovery from flood damaged.
Keep the peace of mind in knowing that your property will be protected from damages from the next storm and you're not left to cover the losses yourself?
Actually only people who live in a flood plain WITH a MORTGAGE are required to buy it, right?
It was a 5-gallon hat.
On a two-gallon head...
Get a load of this.
It's not screw you; it's take care of yourself; this IS a conservative site, remember? Maybe you don't fit in here.
As mean as this may sound, I now pray to God that someday THOSE folx will find themselves screwed out of everything they have worked ther whole lives for, having thought they did everything right by following the advice from all the experts.
That statement pretty much proved my original point.
And they're not SCREWED out of anything; they weren't properly insured or they just rolled the dice, thinking (hoping?) that the American taxpayers would pick up the tab.
Read your insurance policy; it's all there in black and white; don't like what you read? Shop around.
Just stop trying to make the rest of us feel guilty because we expected grownups to take care of their own property.
BTW, it's not BAD advice; I don't even live near water and I have flood insurance.
If it's retroactive, then it is illegal on it's face.
Being honest requires that you acknowledge that people should have had home owners and flood insurance.
If they had both, they will be paid; if they only had home onwers, FEMA and the government will pay.
Read your home owners policy; it ALWAYS says you need to buy ADDITIONAL flood insurance because you're NOT covered by it under a regular policy.
THIS POLICY DOES NOT INSURE AGAINST LOSS:
1. CAUSED BY, RESULTING FROM, CONTRIBUTED TO OR AGGRAVATED BY ANY OF THE FOLLOWING:
a. FLOOD, SURFACE WATER, WAVES, TIDAL WATER OR TIDAL WAVE OVERFLOW OF STREAMS OR OTHER BODIES OF WATER, OR SPRAY FROM ANY OF THE FOREGOING, ALL WHETHER DRIVEN BY WIND OR NOT."
Sound familiar? If it doesn't, you haven't read your insurance policy.
-----
From our Nationwide Home Owners policy:
Under exclusions:
"Number 1) We do not insure for loss caused directly or indirectly by any of the following: such loss is excluded regardless of any other cause or event contributing concurrently or in any sequence to the loss:
c.) Water damage, meaning:
1.) Flood, surface water, waves, tidal water, overflow of a body or water, or spray from any of these, whether or not driven by wind.
2.) Water which backs up through sewers and drains or which overflows from a sump; or
3.) Water under the surface of the ground, including water which exerts pressure on or seeps or leaks through a buidling, sidewalk, driveway, foundations, swimming pool, or other structure.
Direct loss by fire, explosion, or theft resulting from water damage is covered.
1 - "Well, FEMA says you aren't in a flood area, sou you don't need flood insurance."
Nobody is TOLD that.
From the FEMA home page:
| Learn About Flood Insurance |
|
Flood Insurance Backed by the federal goverment's National Flood Insurance Program (NFIP), a Nationwide flood insurance policy can protect you from catastrophic flood damage. More than 20,000 communities across the country participate in NFIP. If you live in one of these communities, you can purchase flood insurance, unless the property is in a Coastal Barrier Resource Systems area. Don't Wait Until It's Too Late! Don't Wait Until It's Too Late! For most of us, our home is our most valuable possession. Floods damage more homes in the U.S. than any other natural disaster, and most insureds do not find out until it's too late that their home, condo, or renters policy excludes loss caused by flooding.
It Can Happen to You Government Assistance is Unreliable If you purchase a flood insurance policy, you are protected even when a disaster is not declared.
Getting Covered
Protecting your home means protecting your financial future! Purchase a flood insurance policy today.
For more information, please see our Disaster Planning page for Floods. |
It looks like the legislation MAY have benefitted him personally.
Could this be part of it?
Trent Lott sues insurance company over loss of Pascagoula home
http://www.freerepublic.com/focus/f-news/1541617/posts
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