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The Water Cooler
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Dropped homeowners insurance!
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<blockquote data-quote="inactive" data-source="post: 2758731" data-attributes="member: 7488"><p>Actually the flood language is worded as rising water in nearly all cases, not using the word flood for the peril. It's pretty clearly worded in the policy. Anything related to flood or groundwater is not covered by a typical policy but a national flood insurance plan policy. It sucks for that homeowner but thems the breaks. </p><p></p><p>Also The AIG debacle had nothing to do with property and casualty insurance, or any consumer financial product at all.</p></blockquote><p></p>
[QUOTE="inactive, post: 2758731, member: 7488"] Actually the flood language is worded as rising water in nearly all cases, not using the word flood for the peril. It's pretty clearly worded in the policy. Anything related to flood or groundwater is not covered by a typical policy but a national flood insurance plan policy. It sucks for that homeowner but thems the breaks. Also The AIG debacle had nothing to do with property and casualty insurance, or any consumer financial product at all. [/QUOTE]
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