LIVE: JIM BROWN--TRUMP @ 100

Friday, 02 September 2016 08:42
Donelon cites limited options if Louisiana property has no flood insurance
Written by 
Rate this item
(0 votes)

NFIP Logo 8 1Let’s say your house has been flooded and you seek assistance from the federal government.  You do not have flood insurance.  Do you have any options?

That is an issue Louisiana Commissioner Jim Donelon and I discussed on Wednesday on our Facebook Live interview.

While Louisiana had a very high per capita flood-insurance coverage in comparison to other states, it also leads the nation in flood damage events.  This is why Jim Donelon advocates and emphasizes that everyone obtains flood insurance, even if it might appear that your property is at low risk.

According to Donelon, the flood in March resulted in 5,000 claims being filed by policyholders of the national flood insurance program with an average payment of fifty-three thousand dollars for each of those claims.  You other options are to file as an underinsured or uninsured through FEMA but the average amount you can recover is substantially less.

Also, Donelon said, you can apply for SBA loan but this could result in a your property being mortgaged, eating into your equity.

Watch the video and click on cc (closed caption to obtain the video transcript

Jim Donelon talks flood insurance obligations and why it's "best buy" for Louisiana
Clouds of bad public policies helps Louisiana property insurance rates, to rise

 

Last modified on Friday, 02 September 2016 09:57
Login to post comments
Powered By JFBConnect
  • Edwards gets Graves challenge on Louisiana flood relief money
  • Gov. Edwards's pugnacious state of union gave wrong Louisiana vision
  • Trump plus 80 days: Jim Brown, Bernie Pinsonat talk US, Louisiana politics
  • Trump should be like Reagan, not like Bush

graves c 3Shades of Katrina?

    Is political partisanship raising its ugly head again in the face of another Louisiana disaster?  Democratic Gov. John Bel Edwards thinks so.

    Edwards got some rough treatment from a congressional committee in Washington, D.C. when he testified before it recently about the state’s response to flood problems.

Read More

jbeWith equal parts pugnaciousness and disingenuousness, Democrat Gov. John Bel Edwards’ highly-politicized 2017 State of the State speech laid out a truly flawed vision for Louisiana going forward.

Read More

jim bernieIs Russia now our enemy, once again?

Did Donald Trump make the right move or was the latest attack, simply some wag the dog?

Read More

Iron nancy reagan 6n 1986, United States President Ronald Reagan authorized military aircraft to unleash a torrent of bombs in Tripoli, Libya to send a strong message to Libyan dictator Muammar Gaddafi. The attack was in response to Gaddafi’s involvement in the terrorist bombing of a Berlin disco that resulted in the death of American soldiers. 

Read More

BB Menu

latter-blum2

Sen. Appel talks budget, economy

TRUMP TALK

Dead Pelican

Optimized-DeadPelican2 1 1