http://www.wdsu.com/news/16634012/detail.html
I would like to know what The Army Corps of Engineers has been doing for the past 3 years?
Hello even before Katrina the corps was saying that the levees would hold in a Cat 3-4 storm. So where has the Federal money been spent?
I have to believe that the people who rebuilt their homes after flooding during Katrina felt that they were being assured that the levees would withstand at least a category 2 hurricane. If New Orleans floods again, you can kiss this city goodbye. Folks are not going to go through it twice. I feel like once again I have been lied to by the Federal Government (who is in charge of the Corps of Engineers), the Mayor and the State.
3 comments:
are the insurance companies still selling flood insurance to home owners?
No, only people with exisiting policies and it is very expensive. Im paying $1000.00/ year for just Flood, and I did not flood during Katrina.
Homeowner policies are not being written either. Unless you can talk your exsisting company into writing a policy on a New house, people are forced to go through Citizens which is a State Insurance run agency. It is much more expensive than lets say a State Farm or AllState.
I did not have a problem acquiring flood insurance thru State Farm, and I thought it was surprisingly reasonable at $348 a year.
Ditto hazard insurance on a very NOT new house (1895). I do have 4 other policies with them, but I still expected some resistance. They were all too happy to take my money.
The Citizens wind and hail policy? Outrageous.
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