wrote in message
...
On Tue, 13 Sep 2005 00:05:45 GMT, in misc.consumers.frugal-living "Edwin
Pawlowski" wrote:


"Glenn Ashmore" wrote in message

If you were wondering how claims are handled in these situations, here
is an insight into the process. From experiences that I have been
seen,
the insurance company will try anything to wriggle out paying a claim.

That is not only fact, it is long held policy and one of the first
things
you learn in insurance schools.. An axiom of the insurance business is
that if the water comes DOWN you are covered. If the water comes UP you
are not.

--
Glenn Ashmore

But the article posted did not mention that. The OP drew that conclusion
from it somehow and that is what I questioned. If the insurance company
is
not liable, they have no obligation to pay. If you live 6' below sea
level
and have no flood insurance, don't cry on my shoulder.



My lender will not finance homes that are on a flood plain.

Are we talking a real lender (only a couple of handfuls) or a broker? Most
lenders will lend in a flood zone. They use the 100year flood plan that is
given to them when the property is appraised. If the property is in
question, all that is normally required is the property owner to carry flood
insurance on the property. More common sense than anything. I think your
broker might be handing you some.


--
Chris

If you can read this, thank a teacher. If it is in English, thank a
soldier. If it is in ebonics, thank your Congressman.