Thank You Louisiana

The wife and I decided that buying a gutted home and fixing it up would be a good investment we shouldnt pass up, so in April we bought a home that had 4" of water, in Metairie.

Before I purchased the home I checked with various insurance companies and found that the only options were State Farm and LA Fair PLan. Obviously I decided on State Farm. Everything went smooth, they gave me a quote, but couldnt insure me until the renovations were complete. In the meantime, I had a builders risk policy and a interest only loan.

So, now it comes time to get a full out mortgage and homeowners. Step one goes great, the house appraises for 70k more than what we put into it. Step two is good as well, mortgage rates are still fairly low and my great credit gets me an awesome rate. Step 3.....someone hand me a gun.....

Im sorry Mr Goats, but because you live with in 1 mile of Lake Pontchartrain (.8 to be exact) we cant write you a policy. My only option now is to sell or go with the La Fair Plan for over $500 a month.

Our only option is to sell, the sad part is, I put my own sweat into this house for over 8 months and we decided that the house and property were big enough that we would probably stay in it for a long time. Now I am forced to sell the home that I pretty much built/remodeled to our exact taste.

I could sit here and blame the insurance companies, but a large part of the blame needs to fall on our leaders who arent doing a damb thing to help us out.

Im on the verge of moving out of this ***backwards state.

/rantover