Monday Morning

[weaktwos]

I woke up this morning only to be assailed by my cuddly cats. During the height of summer heat, my little predators were not as affectionate. Now they've been needing all sorts of snuggles.

Then I got online and read ariedana's post about the part of the roof of the Superdome coming off. Gads.

And Eqecat forecasts the loss expenses up to 25 billion dollars.

Poor New Orleans. Ever since I learned that New Orleans was built below sea level, I have always thought that it was flirting with disaster.

Here's where I give my plug for purchasing property insurance. Also, this is where I advise people never to wait for a disaster to acquire property insurance. When a storm is about to hit, many insurance companies refuse to write insurance in those areas. That's just good business sense, because Insurance companies don't want to pay out an expensive claim when you haven't really paid much premium. So, the moral of the story is, get insurance when you can, and don't buy property and try to get insurance around the time of a pending natural disaster.

Comments

[pacalissanctum.livejournal.com]

Well, if you buy a house, at least around here, you have to have insurance, or you can't get a mortgage. If you are renting, however, you better have some renters' insurance.

I'm glad I got to see NOLA before they got hit. People have been saying for years that if a Cat 5 ever did a direct hit there, that NOLA's current systems wouldn't be able to handle it. They can barely handle it when it rains really hard with the old pumping system. Guess they thought it would never happen. :/

[ybunny.livejournal.com]

I find that anyone without home insurance surprising. but that is because over in the UK you have to have home insurance in order to get a mortgauge.

[weaktwos.livejournal.com]

Yes. The same thing happens here. But some folks can pay cash for their homes... But also I was thinking about the renters out there, since people should have coverage on their personal effects even if they don't own a home.