Jack Large
Do know that when you buy federal flood Insurance that you most be cognoscente of the type of Insurance you have on your property and condense
Flood Insurance is RVI. If you do not have RVI on your home you will not receive the Replace Value, only up to the total amount for which you have you purchased from your home insurance carrier and if you did not by RVI on your content it is not covered at all.
I have a relative that owns a $350,000 home, built in 1965, on Long Island who is in the situation. The most he can collect is $300,000 on the home and contents combined.
His total loss will exceed $500,600.
If you are so situated, change your coverage, WBMS
2 Answers
Colleen
The government is also providing money to people who have lost everything in this latest storm. Have him look into it. They may cover what his insurance is not covering.
| 12 years ago. Rating: 1 | |
There are a lot of big companies donating money for those in need, Capitol One for example. He needs to really check into what may be available. There's a lot of money out there right now he may be entitled to.
Thanks Colleen, but me thinks there is an income limit on free stuff.
Where he lives on Long Island is one of the most effluent areas of the County
He can well afford to cover his loss.
He a smart guy, I'm surprised he did not know enough to buy RVI.
I'll bet he is glad his big boat in in Florida and that he changes Insurance Agents. ;)
Where he lives on Long Island is one of the most effluent areas of the County
He can well afford to cover his loss.
He a smart guy, I'm surprised he did not know enough to buy RVI.
I'll bet he is glad his big boat in in Florida and that he changes Insurance Agents. ;)
Dardaigh
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