Posted on 05/01/2018 6:02:43 AM PDT by ptsal
For the last two years, Richard and Linda Brown have been living in a shell of a home -- no insulation, drywall or flooring -- while trying to raise four kids.
Their house in Louisiana was destroyed by floodwaters in 2016. At the time they didn't panic, because they had a flood insurance policy worth $168,000. To date, they've received less than half of that -- around $62,000.
"We pay into this premium, and all I want is [it] just to be fair, and we weren't getting fair," Linda said.
Two years later, they're living in a house that's still exposed down to the studs.
(Excerpt) Read more at cbsnews.com ...
But FEMA doesn't administer all the policies. It outsources most of them to private insurance companies called "write your owns," or WYOs.
The WYOs -- and all of their agents -- get paid out of the same pot of money as flood victims. Some years, up to two-thirds of that money goes to the WYOs -- and the attorneys they hire to fight flood victims' claims.
A racket that would make the Clinton’s proud.
FEMA....full employment mainly attorneys
Yes, they should be fighting to get what’s theirs but they should also get up off their backsides and start handing dry wall. There’s no reason why after all this time they haven’t lifted a finger to get any repairs done.
Oh, wait, saw their picture. Of course, they’re not about to get up off the couch to do anything.
We can’t have starving lawyers...
I live 50 feet off a river, I have flood insurance. I got concern when I read and listen to the video. There is more to the story they are not reporting.
The 168K policy is to replace the house if it was destroyed. The 62K they got is to repair the house. The house had 62K of damage to it.
The framing, electric and the roof is still good. I would think you can get a contactor come in sheet rock, paint, new floors, and kitchen for 62K.
Did they get the content coverage with the flood insurance?
Wonder what new cars, and toys are not appearing in the video?
They may not be able to afford the cost of rebuilding on their own. It is not that simple to tackle a flood ravaged house. It is not just a matter of putting up new drywall. Plus consider that if a certain percentage of the house was destroyed they will have to upgrade the whole structure to current code not the code it was built under. That can add to cost. People have insurance just for this reason. That replacing a house or having major repairs done is a significant cost.
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