Amid Hurricane Season and following the aftermath of Hurricane Barry, it is a good time to remember that flood insurance is an important part of Louisiana home ownership. In Barry alone, flood loss for residential and commercial properties in Louisiana is estimated to be between $200 million and $400 million, including both storm surge and [...]
The purpose of insurance, of course, is to provide protection from damage caused by a possible risk. In exchange for the payment of a premium, the insurance company agrees to provide certain protections that are explained and defined in the policy that is purchased. Sometimes the government requires us to purchase certain insurance—like state required [...]
In August 2016 a heavy three-day rainfall resulted in historic flooding in parts of south Louisiana. The events surrounding the flood have been called “unprecedented,” “a 500-year event,” and “catastrophic” just to name a few. This historic flood led to much damage and despair, washing away generations of memories and leaving behind an aftermath of [...]
Does your insurance policy have an “Act of God,” or “Act of Nature” provision? An “Act of God” or “Act of Nature” provision generally refers to those “events outside of human control, like flash floods, earthquakes or other natural disasters.” While these provisions are admissible in several forms of contracts, they are not generally allowed [...]
The August 2016 “Great Flood” impacted more than 145,000 households in Louisiana, with over 41.5% of the population in nine parishes flooded. The estimated damage to homes exceeded $30.4 billion. In the Capital Region, 34.8% of businesses were affected and in one of the hardest hit areas, Livingston Parish, 91% of the businesses and 94% [...]
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, [...]
First flooding. Then fighting with insurance companies for full and fair payments for insured losses. Then dealing with contractors to make sure work is done timely and correctly. But now Louisiana flood victims have to deal with a new problem. The Louisiana Office of Community Development is warning residents of possible scams of flood victims. […]
In 48 hours, the Baton Rouge area took in about 2 feet of rain. Watson, Louisiana saw more rainfall in a couple of days than Los Angeles has in four years. 40,000 homes have suffered flood damage. Those efforts led Livingston Parish Sheriff Jason Add to remark, “