"Insurance Time Bomb!" - California Wildfires Push Homeowners To The Brink Of Losing EVERYTHING

Floyd Eye said:
It gets worse. We actually waited a month to start rebuilding because the insurance company is supposed to pay 66% of the cost of raising the house out of the "Flood way". After a month they told us they wouldn't. They would only pay like 10% because the county levels were more than theirs. Which would have cost me about 50k out of pocket just to have the house raised. Turns out they were lying, but we didn't have anything from them in writing and by the time we figured it out I had the house rebuilt. Mother fuckers.
Click to expand...
Sorry to hear about this. Just another business making shitloads of money in the "free" market.
 
Floyd Eye said:
It gets worse. We actually waited a month to start rebuilding because the insurance company is supposed to pay 66% of the cost of raising the house out of the "Flood way". After a month they told us they wouldn't. They would only pay like 10% because the county levels were more than theirs. Which would have cost me about 50k out of pocket just to have the house raised. Turns out they were lying, but we didn't have anything from them in writing and by the time we figured it out I had the house rebuilt. Mother fuckers.
Click to expand...
We had many houses raised on the south shore of long island after sandy hit us in 2012.
To be honest I don't don't if the flood assholes paid for that or not.

I think it was more to do with federal grants.

At any rate the homes look hideous sitting up on top of 15 foot telephone poles.

When I bought my house in 98 I insisted to stay dead center on the hump of the island

I'm 12 miles from either coast. All this time I barely got a gallon come in. That was due when the basement window well filled up during Ida a few yrs ago

I ran out during the storm with a tarp and bricks to cover it up

After the storm I dug it down another foot and filled the whole fucker with blue stone
 
70 Mach 1 said:
We had many houses raised on the south shore of long island after sandy hit us in 2012.
To be honest I don't don't if the flood assholes paid for that or not.

I think it was more to do with federal grants.

At any rate the homes look hideous sitting up on top of 15 foot telephone poles.

When I bought my house in 98 I insisted to stay dead center on the hump of the island

I'm 12 miles from either coast. All this time I barely got a gallon come in. That was due when the basement window well filled up during Ida a few yrs ago

I ran out during the storm with a tarp and bricks to cover it up

After the storm I dug it down another foot and filled the whole fucker with blue stone
Click to expand...
My house only needed to be raised 2’. They lift the house off the foundation and add blocks to the existing block foundation. It’s on a crawl space.
 
Floyd Eye said:
I absolutely did know that. Not only did they only pay for the bottom 1' of drywall, they wouldn't pay for the subfloor or floor joists. I took out a 40k loan and gutted the house. Interior load bearing stud walls were held up by bottle jacks while I replaced the floor joists and subfloor. Everything was replaced. Every pipe, every piece of wire, main and sub panels. Every piece of drywall, insulation. My plumbing system from the septic tank in, literally everything. I was a carpenter/contractor for 25 years so my wife and I did all the work. Stayed in a friend's house up near the city. Every night after work and every weekend we spent working on the house. Moved back in 6 months to the day after the flood. The same month the house flooded my best friend and another laborer were shot to death in N. St. Louis on a job I would have been at except I was out on bereavement because my little brother had just died of a drug overdose. 2 weeks later my daughter gave birth to a baby girl who lived 36 hours and then died. It was a really fucked up 6 weeks.

Back on point, we had no contents coverage because even though the house never flooded before and was built in 1956 my premiums were higher than my homeowners insurance premiums ( and still are). So we got totally fucked. Now we have 160k worth of contents coverage so we figure we're as safe as we can be for the moment. In a few months when the note is paid off we'll drop the coverage for the house back down to something more reasonable. And you're right, flood insurance is absolutely a scam. Unfortunately my back yard ends at a river and I am in what is called a "Special flood way". I would have moved out after the flood but the problem is I would still have to pay for it whether I lived in it or not. And at 50 ( at the time) years old I wasn't looking to have a mortgage for the next 15 years.
Click to expand...
Damn, and I thought I've been through some things. You're a resilient man, Floyd Eye.
 
Kordoba said:
Damn, and I thought I've been through some things. You're a resilient man, Floyd Eye.
Click to expand...
In April of 2017 it would have been real easy for me to say fuck it. Real easy. I have a wife and daughter, elderly parents and an aging sister who all rely heavily on me though. Well, except the kid. She moved out at 18 and has taken care of her own business ever since.
 
You must log in or register to reply here.
Back
Top