According to WBRZ, a homeowner is having trouble with her insurance company, which tells her it won't release her supplemental insurance money without an itemized receipt. There's only one problem: the person who might have that receipt is behind bars.Vanessa Clymer says it's been a year-long battle and she can't get her insurance company, ASI, [...]
According to WBRZ, the U.S. Senate has passed a four-month re-authorization of the National Flood Insurance program. The re-authorization protects more than 500,000 properties across Louisiana. The re-authorization ensures the program will run through the remainder of the 2018 hurricane season. “With this extension in place, we can tackle long-term reforms. The last time we [...]
We Louisianans know that Mother Nature can quickly destroy property. For that reason, many of us wisely find the appropriate type of insurance to cover unexpected events. But what happens if that bad day comes, and for one reason or another the insurance company, whom you have paid all of your hard-earned premiums to, decides [...]
Most states have laws that require drivers to have a minimum threshold of liability insurance. Liability insurance covers a driver for damages or injures the he or she causes in a car accident. Per Louisiana Revised Statute § 32:900, the minimum liability coverage limits are $15,000 per person, $30,000 of bodily injury coverage per accident, [...]
Imagine this nightmare scenario, you instruct your long-time insurance agent to obtain primary and excess property insurance coverage on your home because you know that accidents and catastrophic weather can strike at any time. The agent assures you that he has obtained the coverage you requested, prompting you to sign the contract without hesitation because [...]
KATC reported that police have arrested a man they believe is responsible for killing cattle in Port Barre. Jameson Lagrange, 20, was arrested by the Louisiana Livestock Brand Commission on four counts of aggravated cruelty to animals. According to the Louisiana Department of Agriculture & Forestry and the St. Landry Parish Sheriff's Office, a rancher recently [...]
Congress is set to reform the National Flood Insurance Program later this year. We have written before about how the NFIP has needed reform for years — it is $25 billion is debt. One of the suggested ways to fix some of the problems with the NFIP is to make it easier for private insurers [...]
Insurance is a special type of contract. The consumer pays premiums to the insurance company. In return, the insurance company pays benefits to the consumer if one of the things that the consumer is paying premiums to protect against – like damage from a flood – occurs. But because of the special nature of the [...]
We have previously highlighted some important things to know about your flood insurance. We’ve discussed why you need to know how the claims process works and why meticulously documenting all of your damage is vital. We’ve also answered questions that are most frequently asked. Understanding these points is useless, though, if you miss a deadline [...]
Recent victims of flooding in Louisiana need to be aware of some of the basic facts of flood insurance: Homeowner’s insurance does not typically cover flood damage. Flood damage is compensated from flood policies issued under the National Flood Insurance Program. The NFIP covers up to $250,000 for the structure of the home and $100,000 [...]