Tuesday, September 20, 2005

More on 'Flood' Insurance

More on 'Flood' Insurance

"'Flood damage' issue must be national policy" says Hugo Newcomb Jr. in the Clarion Ledger

The article below speaks about the need for a national solution and policy" to make sure that insurance covers people properly in the event of a hurricane.

In short - people were told they did not need flood insurance becuase they did not live in a flood plain. Yet when their houses were swept away by Katrina's storm surge the insurance comanies have refused to pay up, because they had no flood insurance! It gets better - they could not even have boought flood insurance even if they wanted it!

Read on for a more reasoned and eloquent argument as to why the insurance industry needs its collective arse kicked.


No comments: