Comments on: Senators want to meet about flood zone maps

By: Dana Seefeld

Dana Seefeld — Thu, 29 Apr 2010 06:12:18 +0000

I live in Mississippi and my house did not flood during Katrina nor even have much damage (thank goodness). There has been a huge expensive project to control flooding right next to my home that took my house out of a high risk flood zone about 20 years ago and I was no longer forced to carry flood insurance. Now I get a letter saying I have to have enough insurance to cover 80% of the replacement value of my home (although I only owe about 30% of replacement value to the mortgage company). Why is my house “floodprone” suddenly after all that work was done to keep it from being in a high risk flood zone and declared by Fema to no longer be in a high risk zone? This just lowered the value of my home and upped my payments!!! Is this how we make economic recovery???

By: NOFLOOD

NOFLOOD — Sun, 04 Apr 2010 16:32:49 +0000

See how much WYO companies are making off of you on flood insurance.

Read the report from the GAO

http://www.gao.gov/new.items/d09455.pdf

By: NOFLOOD

NOFLOOD — Fri, 02 Apr 2010 23:40:29 +0000

What to find out who asked for this flood program in Congress.
Check it out

On youtube
NFIP part1 http://www.youtube.com/watch?v=w0c-MpNuReg
NFIP part2 http://www.youtube.com/watch?v=DBSbABaK6Cg
NFIP part3 http://www.youtube.com/watch?v=VNGiCWFP3tM
NFIP part4 http://www.youtube.com/watch?v=w243vI1n6BI

By: NOFLOOD

NOFLOOD — Wed, 31 Mar 2010 17:25:22 +0000

Ask yourself “who is worse the prostitute, the pimps or the johns”?
The National Flood Insurance Program in a desperate attempt to stay alive has prostituted itself, their pimps are the insurance industry and yes the tax payer and congress are the johns.
They have lobbing Congress for mandatory preparation, high risk rates, asking for forgiveness of the note to the US Treasury; lenders must participate or face fines, escrow accounts for enforcement, and so on and so on.
The program has become so much automated to the point that if a property that is found to be in the flood zone your lender will notify the barrower they must buy flood insurance. If the owner does not comply the leader will open an escrow account for them.
The GAO has estimates at least 56% of premiums are for selling policies.
I say estimate because it turns out fema is not keeping track of these cost they paid.
Yes the flood program is a much like a prostitute, the pumps are the greedy insurance industry and we and congress are the JOHNS.
Like I said the program is so automated it no longer needs insurance agents to sell their product.
The program needs to sell direct.
A savings up to 56% should be possible right away.
Want to cut your flood insurance bill by 56% or more.
Tell congress.

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Mon, 29 Mar 2010 00:37:16 +0000

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