Comments on: Mississippi Sues Insurance Companies for Flood Damage http://donklephant.com/2005/09/16/mississippi-sues-insurance-companies-for-flood-damage/ Big Teeth. Huge Ass. Surprisingly Reasonable. Tue, 14 Feb 2012 14:03:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Sow http://donklephant.com/2005/09/16/mississippi-sues-insurance-companies-for-flood-damage/comment-page-1/#comment-58854 Sow Mon, 07 Aug 2006 09:05:56 +0000 http://donklephant.com/?p=887#comment-58854 Good job. Good job.

]]> By: David http://donklephant.com/2005/09/16/mississippi-sues-insurance-companies-for-flood-damage/comment-page-1/#comment-2286 David Sun, 18 Sep 2005 01:40:57 +0000 http://donklephant.com/?p=887#comment-2286 I've purchased two properties - one condo and one townhouse. Neither was anywhere near sea level or any significant body of water. There were giant disclaimers all over the mortgage stuff which required me to acknowledge that I wasn't covered for flood. If the lawsuit will change this, and make flood similar to fire or earthquake, I'm in favor of it. If it's just another perverse disincentive, I'm against it. Anecdote - even though I'm not on a flood plain, I did actually have two floods last year - one was a backed up sewer line, and the other was a blocked drain. Thank Heaven the basement is unfinished... I’ve purchased two properties – one condo and one townhouse. Neither was anywhere near sea level or any significant body of water. There were giant disclaimers all over the mortgage stuff which required me to acknowledge that I wasn’t covered for flood.

If the lawsuit will change this, and make flood similar to fire or earthquake, I’m in favor of it. If it’s just another perverse disincentive, I’m against it.

Anecdote – even though I’m not on a flood plain, I did actually have two floods last year – one was a backed up sewer line, and the other was a blocked drain. Thank Heaven the basement is unfinished…

]]> By: DosPeros http://donklephant.com/2005/09/16/mississippi-sues-insurance-companies-for-flood-damage/comment-page-1/#comment-2275 DosPeros Fri, 16 Sep 2005 19:24:32 +0000 http://donklephant.com/?p=887#comment-2275 Very true, Kreiz -- why does the government insist on subsidizing flood insurance and encouraging people to build their homes in flood plains? I haven't gotten a satisfactory answer to this question yet. Very true, Kreiz — why does the government insist on subsidizing flood insurance and encouraging people to build their homes in flood plains? I haven’t gotten a satisfactory answer to this question yet.

]]> By: kreiz http://donklephant.com/2005/09/16/mississippi-sues-insurance-companies-for-flood-damage/comment-page-1/#comment-2273 kreiz Fri, 16 Sep 2005 18:50:44 +0000 http://donklephant.com/?p=887#comment-2273 Why would a Gulf resident ever purchase flood insurance if they knew that they could avoid the premium payments and still be covered? There's no incentive to do so. Why would a Gulf resident ever purchase flood insurance if they knew that they could avoid the premium payments and still be covered? There’s no incentive to do so.

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