Where Hurricane Harvey is hitting hardest, 80 percent lack flood insurance

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3. Where Hurricane Harvey is hitting hardest, 80 percent lack flood insurance

RCtheWSBC 3 days ago#1 The vast majority of homeowners in the area devastated by Hurricane Harvey lack flood insurance, leaving many who escaped the storm with little financial help to rebuild their homes and lives. “I wish I had flood insurance now,” lamented Leroy Moore, a 58-year-old whose home in northeast Houston filled with water. He cancelled his flood policy when it grew too expensive. He and his wife were rescued from the rising waters on Sunday by National Guard troops and are now sleeping in a church. “When it's a choice to make between things and life, sometimes you've just got to let the things go and hang on to life.” Regular home insurance covers wind damage, but not flooding. Homeowners have to purchase separate flood insurance policies from the government-run National Flood Insurance Program, which will end in late September unless Congress renews it. In Texas, the average cost for a NFIP plan is $500 a year, but it can rise to more than $2,000 for homes inside a floodplain. Only 17 percent of homeowners in the eight counties most directly affected by Harvey flood insurance policies, according to a Washington Post analysis of Federal Emergency Management Agency data. When disaster hits, the policies cover up to $250,000 in rebuilding costs and $100,000 to replace personal stuff like TVs and furniture. Everyone else who loses their home to flooding will be dependent on private charity and government aid, especially grants from Federal Emergency Management Agency. https://www.washingtonpost.com/news/wonk/wp/2017/08/29/where-harvey-is-hitting-hardest-four-out-of-five-homeowners-lack-flood-insurance/ Paying for insurance sucks until you need it the most. http://i.imgur.com/1yl1fH0.jpg the White-Sounding Black Chick stickyreportquote

Atombender 3 days ago#2 Yeah, that's the point of having an insurance. No sympathy here. "Another visitor! Stay a while! Stay forever!" reportquote

themastah 3 days ago#3 Yeah, but how many have volcano insurance? A wild blog has appeared! http://thedeepindigo.wordpress.com - A new blog about M:TG and other games: this one has updates! reportquote

mystic belmont 3 days ago#4 The dangers of climate change. "Freedom was meaningless without ownership and control over one's own body" -Henry McNeal Turner [Evil Republican] 3DS FC: 5429-7297-4842 reportquote

RCtheWSBC (Topic Creator)3 days ago#5 themastah posted... Yeah, but how many have volcano insurance? Dammit I smirked http://i.imgur.com/1yl1fH0.jpg the White-Sounding Black Chick reportquote

RCtheWSBC (Topic Creator)3 days ago#6 I just reached out to my parents in South Florida to ask if their homes have flood insurance... Apparently it's mandatory in Florida, which makes sense to me.  Do you think flood insurance should be mandatory in areas that are on average more susceptible to tropical systems? http://i.imgur.com/1yl1fH0.jpg the White-Sounding Black Chick reportquote

Russian Rocket 3 days ago#7 Don't most lending institutions require it in a flood prone area? When I bought my house, I had to show that it wasn't in a flood plain, or I would have been required to get insurance (and provide proof of insurance each year). (edited 3 days ago)reportquote

Queen_of_Lazy89 3 days ago#8 RCtheWSBC posted... I just reached out to my parents in South Florida to ask if their homes have flood insurance... Apparently it's mandatory in Florida, which makes sense to me.  Do you think flood insurance should be mandatory in areas that are on average more susceptible to tropical systems? I believe it should be mandatory in areas like that. I also believe that earthquake coverage should be required for places near an active fault line as well. Like around Missouri for instance. Once the New Madrid fault has a big earthquake the entire region is f***ed. "Going to the Grand Canyon" is how Limbaugh's doctor refers to giving Limbaugh a colonoscopy-Kavatar reportquote

RCtheWSBC (Topic Creator)3 days ago#9 Russian Rocket posted... Don't most lending institutions require it in a flood prone area? When I bought my house, I had to show that it wasn't in a flood plane, or I would have been required to get insurance (and provide proof of insurance each year). That makes sense to me. At the moment I am unsure if Texas specifically has laws regulating these policies. http://i.imgur.com/1yl1fH0.jpg the White-Sounding Black Chick reportquote

Atombender 3 days ago#10 themastah posted... Yeah, but how many have volcano insurance? The people living close to or ON a f***ing non-dormant volcano (should have volcano insurance). "Another visitor! Stay a while! Stay forever!" reportquote

Atombender 3 days ago#11 Russian Rocket posted... Don't most lending institutions require it in a flood prone area? When I bought my house, I had to show that it wasn't in a flood plane, or I would have been required to get insurance (and provide proof of insurance each year). You can still get insurance for a house in a flood-prone region, it's just that the premiums will be much higher because of the increased risk. "Another visitor! Stay a while! Stay forever!" reportquote

MegatokyoEd 3 days ago#12 RCtheWSBC posted... I just reached out to my parents in South Florida to ask if their homes have flood insurance... Apparently it's mandatory in Florida, which makes sense to me.  Do you think flood insurance should be mandatory in areas that are on average more susceptible to tropical systems? http://www.sun-sentinel.com/fl-flood-insurance-keep-or-ditch-20140920-story.html They actually f***ed over a lot of South Florida in 2014. It's no longer required to have flood insurance in many areas. I actually just found out my parents no longer have flood insurance, which is a disaster considering the area where they live has the street flood from virtually any significant rainfall. A lot of South Florida is probably screwed if we get hit by something big again, because I'm positive most ditched it if they could. [NO BARKLEY NO PEACE] reportquote

OMGWTFPIE 3 days ago#13 Maybe we should just force people to purchase flood insurance and bill them annually if they refuse to do so. Maybe it's time you looked at yourself and stop blaming life on someone else. ~Blink 182 http://www.smbc-comics.com/comics/20090602.gif reportquote

Russian Rocket 3 days ago#14 Atombender posted... Russian Rocket posted... Don't most lending institutions require it in a flood prone area? When I bought my house, I had to show that it wasn't in a flood plane, or I would have been required to get insurance (and provide proof of insurance each year). You can still get insurance for a house in a flood-prone region, it's just that the premiums will be much higher because of the increased risk. No, my point is.....where I live, if you live in the designated flood plain and you don't have insurance, you don't get a loan, period. reportquote

RCtheWSBC (Topic Creator)3 days ago#15 MegatokyoEd posted... RCtheWSBC posted... I just reached out to my parents in South Florida to ask if their homes have flood insurance... Apparently it's mandatory in Florida, which makes sense to me.  Do you think flood insurance should be mandatory in areas that are on average more susceptible to tropical systems? http://www.sun-sentinel.com/fl-flood-insurance-keep-or-ditch-20140920-story.html They actually f***ed over a lot of South Florida in 2014. It's no longer required to have flood insurance in many areas. I actually just found out my parents no longer have flood insurance, which is a disaster considering the area where they live has the street flood from virtually any significant rainfall. A lot of South Florida is probably screwed if we get hit by something big again, because I'm positive most ditched it if they could. Oh s***, how short sighted. My dad just said something akin to Russian Rocket, that banks won't give you a mortgage in Florida without flood insurance... They just bought a home in Lake County so I assume they went through that process. http://i.imgur.com/1yl1fH0.jpg the White-Sounding Black Chick reportquote

Atombender 3 days ago#16 OMGWTFPIE posted... Maybe we should just force people to purchase flood insurance and bill them annually if they refuse to do so. Let's call it...Floodcare "Another visitor! Stay a while! Stay forever!" reportquote

willythemailboy 3 days ago#17 Atombender posted... Russian Rocket posted... Don't most lending institutions require it in a flood prone area? When I bought my house, I had to show that it wasn't in a flood plane, or I would have been required to get insurance (and provide proof of insurance each year). You can still get insurance for a house in a flood-prone region, it's just that the premiums will be much higher because of the increased risk. Most lending institutions require you to have flood insurance on the house as a condition of the mortgage unless you can prove the house is not on a flood plain. It's set that way because in most cases the house itself is the collateral on the mortgage. The bank has a financial interest in the insurance of your house, since they have a claim on it if you default on the mortgage. He who laughs last, thinks fastest. reportquote

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3. Where Hurricane Harvey is hitting hardest, 80 percent lack flood insurance

Insurance for Baby

MuayThai85 8 hours ago#1 So my wife and I just had a fight. I got home and see her sitting with 2 woman, they were signing up my daughter, who is only 1, for over $1200/year worth of insurance. She didn't even discuss it with me.  Our kid is healthy and Thailand has free health care. She tried to claim its because the free hospital isn't good when it has the best doctors in the city and the only place with a children's icu and pre/post natal icu. Then it's because "she gets private room for free", no she f***ing doesn't, we are literally paying for it with such ridiculous insurance fees.  Then I asked her why the insurance for a baby cost 20% more than for me, a 32 year old foreigner. Wouldn't even answer me. Her family are all backing her and making out like I'm the bad guy for thinking it's a complete waste of f***ing money. Thais are all hypochondriacs and lack the ability of critical thinking. They literally go to the hospital because they have the sniffles or a mosquito bite (literally saw the latter happen in person). There is like a 1% chance that this would ever come in handy. Most likely we are wasting a month of her salary on absolutely nothing. How can one person post so much stupid s***?