Texans: FILE STORM INSURANCE CLAIMS B4 FRI

[TennesseeTuxedo]

TT. You are a great friend and Andrew is a noble Texan. I am 100 % for tort reform. ONLY, if it truly targets frivolous laws suits that benefit no one but the attorneys. After reading this one, it has the smell of a sweetheart deal for insurance companies. I downloaded the actual bill. Takes some thorough reading. I see good and bad in it.

I've not had the time to read the entire bill but anything that limits lawsuits works for me.

 

[Bright Raven]

TT. You are a great friend and Andrew is a noble Texan. I am 100 % for tort reform. ONLY, if it truly targets frivolous laws suits that benefit no one but the attorneys. After reading this one, it has the smell of a sweetheart deal for insurance companies. I downloaded the actual bill. Takes some thorough reading. I see good and bad in it.

I've not had the time to read the entire bill but anything that limits lawsuits works for me.

I agree if it does not achieve that by being unfair to the consumer.

 

[TennesseeTuxedo]

TT. You are a great friend and Andrew is a noble Texan. I am 100 % for tort reform. ONLY, if it truly targets frivolous laws suits that benefit no one but the attorneys. After reading this one, it has the smell of a sweetheart deal for insurance companies. I downloaded the actual bill. Takes some thorough reading. I see good and bad in it.

I've not had the time to read the entire bill but anything that limits lawsuits works for me.

I agree if it does not achieve that by being unfair to the consumer.

Caveat emptor.

 

[boondocks]

Head-scratching that a few of you think it's a grave disservice to let people know that there's a change in insurance law which takes effect Friday and (for claims for which notice is given from that point on) limits consumer protections, such as limits on the insured's ability to seek attorney's fees and interest if, e.g., their insurance company wrongly refuses to pay (or unduly delays paying) claims.
Yes, the timing is bad but that's the law. You can argue over who it protects, whether it was good/bad, but if I were in Texas; had storm-related damage; and was in a position to notify my carrier in writing before Friday, I would be doing so.

I would note that the Dallas paper is reporting that the "claims process" hasn't changed and that people don't need to file a claim by Friday or be precluded. That may be true but misses the point.

 

[callmefence]

I've not had the time to read the entire bill but anything that limits lawsuits works for me.

I agree if it does not achieve that by being unfair to the consumer.

Caveat emptor.

So someone in the mortgage business has never filed on anyone. Unlikely.
I've been self employed most of my adult life. I have employees and work on other people's property. I'm very in favor of anything that protects against frivolous lawsuits. Such as someone who steps in a hole and blames someone else.
This bill is not that. It protects insurance companys against weather related claims. A bill with the right idea but very poorly written.
I've never been sued, never sued anyone...
The one time I considered it. It was a utility company who cost me 3500.00 and admitted straight up it was their fault. But they were protected by tort.
You wanna insult me tux you go right ahead and try. You can't do it.

 

[TennesseeTuxedo]

I agree if it does not achieve that by being unfair to the consumer.

Caveat emptor.

So someone in the mortgage business has never filed on anyone. Unlikely.
I've been self employed most of my adult life. I have employees and work on other people's property. I'm very in favor of anything that protects against frivolous lawsuits. Such as someone who steps in a hole and blames someone else.
This bill is not that. It protects insurance companys against weather related claims. A bill with the right idea but very poorly written.
I've never been sued, never sued anyone...
The one time I considered it. It was a utility company who cost me 3500.00 and admitted straight up it was their fault. But they were protected by tort.
You wanna insult me tux you go right ahead and try. You can't do it.

You do okay all by yourself.

 

[TennesseeTuxedo]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

 

[callmefence]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

Has nothing to do with the conversation.
So ....you ever sued anybody?

 

[Caustic Burno]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

Very few Texans have basements TT .
You are correct on flood insurance only being required by financial institutions if you were in the 100 year flood plain.
If you live in the coastal counties very foolish not to have it.
It's very cheap IMO

 

[TexasBred]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

True....I may be totally wrong but i was also under the impression that homeowners policies cover only "falling" water (rain) and not rising water. Someone else may have had some experience with this. I'm curious how much of Houston is actually in the 100 year flood plain which often requires insurance if there is mortgage on the house. I might be wrong on that too...it's been over 25 years since I've deal with this.

 

[TennesseeTuxedo]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

Has nothing to do with the conversation.
So ....you ever sued anybody?

No I have not. Now troll somebody else.

 

[Bright Raven]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

Has nothing to do with the conversation.
So ....you ever sued anybody?

No I have not. Now troll somebody else.

You guys are making a Mountain out of a Mole Hill!

 

[Rafter S]

Here's the stark reality of the situation:

"Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities."

http://hosted.ap.org/dynamic/stories/A/ ... 9-05-11-10

True....I may be totally wrong but i was also under the impression that homeowners policies cover only "falling" water (rain) and not rising water. Someone else may have had some experience with this. I'm curious how much of Houston is actually in the 100 year flood plain which often requires insurance if there is mortgage on the house. I might be wrong on that too...it's been over 25 years since I've deal with this.

Parts of Houston flood when there's a heavy dew. As far as how much is in the 100 year flood plain, I don't know either.

 

[TennesseeTuxedo]

Has nothing to do with the conversation.
So ....you ever sued anybody?

No I have not. Now troll somebody else.

You guys are making a Mountain out of a Mole Hill!

Like you on the Lexington statues thread you mean?