I was told by State Farm that I needed $204,500 worth of flood coverage
on my home in Lakeview. This was to cover the replacment cost of my
home in the event of a massive flood.
My home soaked in 9.6 feet of water for over 20 days.
I received a call from State Farm they would issue me a check in 7 days
for $204,500 and they were sorry for my loss. Three months later I get
a call from State Farm they inform me I can repair the house for
$80,000 and that is their final offer (39% of my policy). They said that
would pay for gutting and new sheetrock (fyi my walls are plaster).
I was told by State Farm they overpaid 60,000 people in the New Orleans
area and this is how they are doing it now.
The conversation ended with State Farm telling me the only way this
will be solved is in court.
Please keep in mind we never asked for our policy to be $204,500 this
is what State Farm told us we needed and what we paid for.
- Daniel Bent
Daniel,
I’d recommend calling the Louisiana Department of Insurance ASAP. They have some off the ‘higher ups’ from all of the major insurance companies on-hand there. I’ve actually spoken to some people who called them about problems with their claims and have yet to hear of anyone getting poor results after doing so.
Louisiana Department of Insurance #’s
1-800-259-5300
1-800-259-5301
(225) 342-5900
(225) 342-0895
Comment by Administrator — December 11, 2005
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Makes you wonder why you even bother if your mortgage is paid and the title is clear. Had you saved all of the premiums that were paid in your life, what would it total?
Comment by joey blanchard — December 11, 2005
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I think that is some cold blooded stuff all of these insurance companies are trying to get over on people.
Comment by lyndabray6627@hotmail.com — December 18, 2005
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dear fema: why do you make people who have flood insurance apply for an sba loan and get denied and you know that you are not giving them any money because you have flood insurance. why make a person do all of this then you turn around and tell them that they is denied why! why! why!.
Comment by lyndabray6627@hotmail.com — December 18, 2005
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Dear Louisiana Citizens Insurance,
Why are you taking tooooo long to pay people off. You don’t tkinh that people need their money to repair their home or you just don’t care. People pay all these insurance premiums every month or every year and what do they get in return from the insurance company nothing but mam someone will contact you pertaining to your claim. I actually had a rep that had a nasty attitude because she did not want to do her job. It makes you don’t want to own a home at all.
Comment by lyndabray6627@hotmail.com — December 18, 2005
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