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Frank and Ernest by Thaves for January 26, 2010
January 25, 2010
January 27, 2010
Transcript:
Home Owners Insurance Claims Woman says, "No, flood insurance doesn't cover you being underwater and owing more on your mortgage than your house is worth."
bald about 15 years ago
and you need to read the fine print, it may not actually cover you even if you are literally under water and you live too close to a flood plain
tonytiger29 about 15 years ago
your bank will get a bail out, but not you. grab a bucket and a sump pump and try to keep your head above water.
fredbuhl about 15 years ago
Go home and drown, please
bmonk about 15 years ago
Or, bald, if the water is determined to have come into your house not through a flood by because the storm blew the water in–as some in Louisiana were dismayed to find out a few years back. Soory–you have flood insurance, not storm insurance…
Dapperdan61 Premium Member about 15 years ago
This is very clever & yet very sad & all too real for homeowners truly sunk in the housing market
bmonk about 15 years ago
Yes–insurers don’t make money paying out claims, and banks don’t make money by refinancing bad mortgages. Of course, they don’t make money by servicing bad mortgages or repossessing houses either, but they think they do. And by taking government bail-outs and delaying the refinancing they promised (and the bail-out was intended to allow).