In a message dated 2/13/2008 10:03:35 A.M. Eastern Standard Time,
[EMAIL PROTECTED] writes:
predictions coming from all over the world are saying that places like NYC
and the Jersey
shore are likely to experience flooding like never before. I hope this isn't
the case...but
what if it is?
I never took the flood threat to Asbury Park too seriously until recently.
Friends living near Monmouth U. had their homeowner's insurance canceled
because, they said, of a new restriction excluding homes near the ocean.
Then, because I was so pleased with the way Allstate handled my auto claim,
I told my agent I wanted to switch my home insurance to them. She said she
couldn't issue a policy and that I was lucky that my current policy was not
canceled because insurance companies, since Katrina, won't insure homes closer
than two miles to the coast.
Not sure now if all companies will follow suit or if some are willing to
"grandfather." Also not sure if insurance companies are just looking for an
excuse to cancel some policies, or if they have some reliable probability
studies about coastal living.
Maybe Thoreau's observation is on the mark: "Men say that a stitch in time
saves nine, and so they take a thousand stitches today to save nine tomorrow."
_http://tinyurl.com/ype3hv_ (http://tinyurl.com/ype3hv)
**************The year's hottest artists on the red carpet at the Grammy
Awards. Go to AOL Music.
(http://music.aol.com/grammys?NCID=aolcmp00300000002565)
