If a person had homeowners insurance before hurricane katrina and their house was destroyed, is it covered?

Answer 1

The recent controversy is the root of many complaints logged against the insurance companies. The claims adjuster has a tw-fold responsibility...to you and the company tey work for and I bet you can guess who comes first.

The answer is yes and no. If they wrote up the damage as wind damage you're covered. If they wrote up the damage as a result of flooding waters, there is limited coverage...usually equal to the amount of sump/sewage coverage you have which is generally 5000. You'll want to check your policy.

Keep in mind, your state has a consumer complaint division and an insurance regulating agency. Ask questions, and don't accept just any old answer. If all else fails, contact an attorney to work in your behalf...

Remember...the insurance industry is the most proftable industry in the world. How do you think they got that way? Not by being fair...

I recommend having a contractor or two evaluate your property to determine the cause of the damage. Get several evaluations if necessary. The insurance companies generaly want proof. To fight them you'll need all the amo you can get...

Good luck!

Answer 2

depends ....the insurance companies and home owners are having difficulty determining the difference between "wind" and "flood" damage and that's not only the holdup but also is why the increase in the cost of insurances. Usually people have wind coverage to get their mortgage, but not all people involved in Katrina had flood insurance.

I understand people are moving back into the affected areas but very few...and the cost of those houses are increasing, and so next time around the cost to repair the damage will be even more costly, and the insurance companies know just by the lay of the land that New Orleans is still sinking and will always be a prone area for floods, so it's become a real problem.

Answer 3

Depends on how it was destroyed, and the type of policy. FLOOD (ie, water coming up from the ground) is NOT covered under a homeowners policy. Wind *IS* covered under most homeowners policies. Some people buy "fire only" policies, though, that cover only, surprisingly, fires.

So, the answer is, depends on the policy, and depends on what destroyed the home. It also depends on if the policy was the appropriate kind for the occupancy - ie, a "homeowners" policy means the owner lives in it.

Answer 4

If they were uninsured for flooding, no.

I am uncertain about hurricane insurance issues because the hurricane did not do as much of the property destruction as the rising waters due to the levees breaking did.

It depends upon the spin the insurance companies put on the cause of the individual homeowner's damage.

Answer 5

It could be a legal question the courts have been trying to decide. It depends on a lot of factors and the case law in your particular state. Some have ruled flood isnt covered at all, just wind damage. Some have ruled wind driven water is covered. Some companies have stopped writing wind coverage too. A lot of variables that cant be answered without your specific information

Answer 6

Depends what was covered in the policy! Any homes in the area where hurricane katrina struck the cost of the insurance would be a lot more!

http://www.total-knowledge.com/~willyblues/

Answer 7

You got a couple of issues here. The home would have been covered from the hurricane if you had windstorm coverage on your policy. However, if your home flooded and flood doesn't mean the roof flew off and it rained in your house, flood means rising water. Unless you had flood insurance, you are not covered and its a damn shame.

Answer 8

It depends. Most homeowners insurance does NOT cover what is known as "acts of God". If you had an insurance policy that did cover "acts of God" then it would be covered. Otherwise probably not.

"acts of God" refers to any natural, unexpected disaster such lightning fire, flash floods, tornodos, hurricanes, mansoons, earthquakes, etc. Though many home owners insurance might cover floods, this is not necessarily an "acts of god" coverage.

Answer 9

there have been buses that would were used. This, my buddy, is the community governments fault. even if, a lot of human beings in New Orleans do no longer personal a motorized vehicle, myself blanketed. We were fortunate to have someone with a motorized vehicle who cared adequate to get myself and kinfolk out. That being stated, some with autos stayed and some without autos stayed. those without transportation are not at fault, yet those who would have left, and did not, are. Please undergo in recommendations back that many did not and do not need to be blamed for no longer leaving, because i'm confident maximum would've left if given the danger. I agree that it change into more beneficial of a community failure than a federal one.

Answer 10

Unless it was damaged by wind...

It's amazing that a Category 4 storm had no wind... at least according to the insurance companies :P

The other thing was if it had flood insurance.