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Should I open a Flood Insurance Policy?

Forum Opinion Poll
YES 7 63.64%
NO 4 36.36%
 

Flood Insurance?

Posted By Message

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Flood Insurance?

As most of you know the National Weather Service is predicting severe weather for the east coast, including New York. Most home owners insurance does not cover water damage.

Posted 6/13/06 6:40 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Flood Insurance?

where is your house?

Posted 6/13/06 7:24 PM
 

maryg
LIF Infant

Member since 5/06

196 total posts

Name:
Mary

Re: Flood Insurance?

didn't they also say that all companies who offer flood insurance are already overextended or something? that if they had to pay out if the east coast should flood, they wouldn't be able to?

Posted 6/13/06 7:26 PM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Flood Insurance?

Posted by SweetestOfPeas

where is your house?



Islandia

Posted 6/13/06 7:51 PM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Flood Insurance?

Posted by maryg

didn't they also say that all companies who offer flood insurance are already overextended or something? that if they had to pay out if the east coast should flood, they wouldn't be able to?



I didn't hear that.

Posted 6/13/06 7:51 PM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Flood Insurance?

My insurance company sent a letter offering Flood Insurance. Maybe they're trying to make a few bucks?Chat Icon

Posted 6/13/06 7:53 PM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Flood Insurance?

Posted by jerome8283

Posted by SweetestOfPeas

where is your house?



Islandia

Islandia is right smack in the middle of LI, so as far as storm surges, I don't think you have to worry about that.

But IMO, I would get flood insurance. water damage is just the WORST!

Posted 6/13/06 8:04 PM
 

MM2004
...

Member since 5/05

1854 total posts

Name:

Re: Flood Insurance?

We just purchases it. We are in W. Babylon. Not right on the water but close enough to worry.

I hope we never have to use it but I feel better now that we have it.

Posted 6/13/06 8:16 PM
 

MrsSchwags
Soccer Baseball Lax Mom

Member since 10/05

11240 total posts

Name:
Jennifer

Re: Flood Insurance?

We are buying our first house in West Babylon. How much does Flood Insurance run?

Posted 6/13/06 8:18 PM
 

2Pisces
Life Coach

Member since 2/06

3337 total posts

Name:
Paige

Re: Flood Insurance?

HOw much does it usually run. We are just one mile away from the water, so it wasn't required...but Chat Icon you have me really thinking.

Posted 6/13/06 8:33 PM
 

lucyloo
nope

Member since 1/06

9758 total posts

Name:

Re: Flood Insurance?

Does your area flood ever? When we had those heavy rains last year was there flooding? If your area didn't flood than I would say no.

Posted 6/13/06 8:58 PM
 

jerome8283
LIF Adolescent

Member since 5/06

633 total posts

Name:

Re: Flood Insurance?

I didn't mean to scare anyone but it's been discussed on the news a couple of times.

Here are other articles I found as well,

MSNBC

The Sun

Message edited 6/13/2006 9:01:10 PM.

Posted 6/13/06 8:59 PM
 

Freddie
LIF Adult

Member since 3/06

1162 total posts

Name:
Freddie

Re: Flood Insurance?

I don't know specifics on flood insurance, but my neighbor claimed water damage and was dropped from her insurance and was then blacklisted by most insurance companies!


just something to think about

Posted 6/14/06 8:23 AM
 

MM2004
...

Member since 5/05

1854 total posts

Name:

Re: Flood Insurance?

Our flood insurance is $352.00 a year through AllState that is part of the Federally funded flood insurance plan.

A bit of a crimp in our budget but when you think about how much you would have to pay if there was flood damage in your home, its well worth it.

Message edited 6/14/2006 11:01:10 AM.

Posted 6/14/06 10:59 AM
 

SweetT
LIF Adult

Member since 4/06

1305 total posts

Name:
Ali

Re: Flood Insurance?

1 mile from the water, I would get it.

Posted 6/14/06 11:08 AM
 

patti08
Happy

Member since 5/05

3893 total posts

Name:
Patti

Re: Flood Insurance?

It is not required by our bank. We just purchased it. We paid $352. We are in Lindenhurst and North of Montauk Hwy but South of Sunrise. We are approx 13 feet above sea level. A Cat 2 hurricane in the right spot puts a potential 7 feet of water in our neighborhood.

It takes 30 days for it to take effect so if you want it don't hesitate too long.

Here is a link that will let you see predicted storm surge maps for you area.

Link

Message edited 6/14/2006 4:41:52 PM.

Posted 6/14/06 4:23 PM
 
 

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