Thank You Louisiana

efil4stnias said
Brennan, there is more bad news coming ( on the insurance front ) In case you missed it, Tuesday Judge Duval of the Eastern District Court ruled against Allstate and several other homeowner companies stating that thier respective "water damage exclusions" were ambiguous and hold no merit. What that means? That, if upheld by the 5th circuit appelate, these homeowner companies could be responsible for any home that flooded due to levee/wall failure. Regardless if you carried flood insurance or not.

Oh and State Farm and Hartford policies motions to dismiss were granted, due to they had "specific" language that made thier respective exclusions unambiguous.

Goats, the only other option, if you plan to just rent it, is a basic dwelling policy and liability. Thats the only other thing I can think of.

Great, I wonder how long before Allstate pulls out altogether and my rates triple.

And you got it right, Goats with your comment, "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."

Moreover while "charities" build isolated, symbolic houses for the indigent in the middle of completely destroyed areas, little is done pragmatic to help the working middle class who are needed to drive any sort of recovery. "Donate so a middle class family can pay their homeowners insurance", doesn't have the photo op effect of a poor family given a brand new home. However, the squeeze on people trying to do all the right things is getting ridiculous and few solutions seem on the horizon. Right now, I'm pretty fortunate with my decision to move to Mandeville post Katrina, but I really feel sorry for people who stayed and are trying to rebuild on the Southshore. I hope the LRA makes me a decent offer for my old house in Lakeview. It seems like the value of its land will only go down once people realize the reality of the immediate future and what life might be like elsewhere.