Flood Insurance (Houston, Cove: neighborhood, to buy, school)

[GettaClue]

Originally Posted by TimBomb

It's not hard to use *reasoning* ey? but dont you think its highly probable that some act of war will get you killed in your next flight/vacation in these times? are you being irresponsible not covering for a highly probable disaster for your house? or maybe you'll buy when youre neighbors/realtor say so? you could use that money to rebuild somewhere safer ya know

Or maybe you're really in a flood zone, you just dont want to admit it. I've seen that before. The 'everyone buys flood insurance anyway' line of thinking group.

No, I don't think it's highly probably that I'll get killed in that kind of manner. I don't live my life in carnival-barker inspired fear. It's far more likely that I...and you...will die of some kind of disease or in a car while going about daily life. I have health insurance, car insurance and life insurance to help protect my family financially against the realities of those kinds of more probable likelihoods.

As for war or nuclear disaster, if something like that happens, the last concern in the world I will have is for my house or my possessions.

No, I'm not in a designated flood zone. I thoroughly investigate the HCFCD flood zone maps and FIRMS before buying any property in the Houston area, as part of basic due diligence. Of course, virtually any property can flood, especially in the Houston area, regardless of the maps and that's why having flood insurance is an intelligent thing to do.

You sure like to make a lot of assumptions and judgements, don't you? Do you have other hobbies?

[TimBomb]

Originally Posted by GettaClue

No, I don't think it's highly probably that I'll get killed in that kind of manner. I don't live my life in carnival-barker inspired fear. It's far more likely that I...and you...will die of some kind of disease or in a car while going about daily life. I have health insurance, car insurance and life insurance to help protect my family financially against the realities of those kinds of more probable likelihoods.

As for war or nuclear disaster, if something like that happens, the last concern in the world I will have is for my house or my possessions.

No, I'm not in a designated flood zone. I thoroughly investigate the HCFCD flood zone maps and FIRMS before buying any property in the Houston area, as part of basic due diligence. Of course, virtually any property can flood, especially in the Houston area, regardless of the maps and that's why having flood insurance is an intelligent thing to do.

You sure like to make a lot of assumptions and judgements, don't you? Do you have other hobbies?

LOL

can it REALLY flood ANYWHERE? seriously? and you don't think you live in fear because you dont think a nuclear disaster is possible.

Does a nuclear plant south of Houston pose a threat should a large enough disaster strike? | abc13.com

if a storm comes with warning, you run away with your dog, storm/water destroys your house, no worries you claim insurance and rebuild somewhere else. good plan
if nuclear disaster occurs with warning, you run away with your dog, nuclear disaster destroys the house and you continue paying your old mortgage while living somewhere safer? hmm

personally, and maybe its just me, but I think human error, structural failure, sabotage, gross negligence, a homer is a lot more probable than a '100-year flood'.


(BUT if you live in an older aka 'mature' neighborhoods in houston, with mature trees with really old sewage system and some new(er) highway/street was raised/laid out higher than the original streets, evaluate your situation, its possible you need to get flood insurance because of all that matureness)

[Texascrude]

Hmmm... this thread has gone down hill pretty quickly. Hope the flood comes sooner rather than later.

[NTT]

Originally Posted by Texascrude

Hmmm... this thread has gone down hill pretty quickly.

I'm the OP and I got my answers so... down hill is just fine!

[GettaClue]

Originally Posted by TimBomb

LOL

can it REALLY flood ANYWHERE? seriously? and you don't think you live in fear because you dont think a nuclear disaster is possible.

Does a nuclear plant south of Houston pose a threat should a large enough disaster strike? | abc13.com

if a storm comes with warning, you run away with your dog, storm/water destroys your house, no worries you claim insurance and rebuild somewhere else. good plan
if nuclear disaster occurs with warning, you run away with your dog, nuclear disaster destroys the house and you continue paying your old mortgage while living somewhere safer? hmm

personally, and maybe its just me, but I think human error, structural failure, sabotage, gross negligence, a homer is a lot more probable than a '100-year flood'.

So we can just mark your hobbies as being : making assumptions and bizzare assertions; and avid Armageddonist.

Ooookay then.

[NTT]

Originally Posted by GettaClue

So we can just mark your hobbies as being : making assumptions and bizzare assertions; and avid Armageddonist.

Ooookay then.

ROFL!!!
(I just couldn't resist! I sure couldn't have said it better myself. )

[TimBomb]

Originally Posted by GettaClue

So we can just mark your hobbies as being : making assumptions and bizzare assertions; and avid Armageddonist.

Ooookay then.

LOL
I want to ask you what made you say that but I guess you just lost it somewhere back there and on a different plane now.
All I'm saying to you is
1. Normally, people buy insurance they need or are required to. They make an assessment blah blah and if signals exist that a disaster/accident is possible then they decide to buy insurance. Needing insurance may be a form of insecurity but nothing wrong with that. Paying for flood insurance if you're insecure is not bad too. Sure enjoy your peace of mind being covered from that armagedon.
2. Being well insured is not exactly something to brag about. You don't get comprehensive insurance for a 10yo honda civic do you? Because that's just stupid

[Malvie]

Here's why I have the flood insurance:

I bought it the first year out of terror.

I bought it the year of Ike because, you know...

Now, HERE's where it got interesting....as we know, Ike downed a lot of tree limbs and brush, which we all hauled out to the curb and which took the city months to haul off.

During that time period, we had just one of those typical, tropical Houston gulleywasher rains. Usually no problem---but the storm drains were all cloggedd from Ike.

So in my neighborhood, where it's never flooded before, we watched the water rise...and rise...and rise...to where it was 5 feet from my house and 5 feet from the neighbor across the street's house.

I just paid mine: $313 a year. Big whup.

[TimBomb]

The age of the neighborhood's sewage infrastructure(if it exists at all), IMO is the biggest factor with flashfloods. All that accumulated junk(plastic bags, twigs, etc blown in purposely or not) thru the years, neighborhoods that had renovations, heavy equipment on lawns/ground sinking that would break sewage ways (this is why I like a sewage system under the street instead)... well if that doesnt tell you anything then watch for street flooding when you get regular rains
now you need to get out of there

[NTT]

Originally Posted by Malvie

Here's why I have the flood insurance:

I bought it the first year out of terror.

I bought it the year of Ike because, you know...

Now, HERE's where it got interesting....as we know, Ike downed a lot of tree limbs and brush, which we all hauled out to the curb and which took the city months to haul off.

During that time period, we had just one of those typical, tropical Houston gulleywasher rains. Usually no problem---but the storm drains were all cloggedd from Ike.

So in my neighborhood, where it's never flooded before, we watched the water rise...and rise...and rise...to where it was 5 feet from my house and 5 feet from the neighbor across the street's house.

I just paid mine: $313 a year. Big whup.

True. Sometimes, flood happens not because it doesn't have adequate drainage but because the drainage is all clogged up from debris.

The rate depends much on the value of the building and contents. If you just paid $313 in 2011, your coverage would be $150,000 for home (building) and $60,000 for contents. Am I right? It's all stated on FEMA website: Floodsmart.gov: Residential Coverage Overview

My home is 1 story and about 2000 sq/ft. Yet, my insurance sent me a flood insurance bill covering for $200,000/$80,000 and $250,000/$100,000. Premiums for these coverages are of course, higher. But do I really need all that coverage? I may and may not. Nevertheless, if I can't afford the higher premiums, I'd rather pay for the lower coverage (lower premium) and have at least, some sort of coverage than none at all.

If I understand it correctly, the coverage amount is for the total lost of the home. In other words, the home is in no condition for repair and the home have to be torn down and rebuilt it completely. In the area I live, that may not ever happened. Even if it does, I'm willing to settle for less. I hope my explanations make sense to you.

I tell you, we all need to watch and pay attention to our insurance companies. They're simply in business to make money and will try to squeeze out from us as much as they can. When I had the money, I'd let it go (reasonably). Besides, they need to be in business. But now that I can't dig up money, I have to be a bit firm with them. Do keep in mind that the internet is a great source to check things out and aid us in dealing with insurance people.