01-09-2007, 10:38 AM #1Registered User
- Join Date
- Jun 2004
Katrina insurance trial to begin
The results of this trial will have far reaching consquences for all homeowners. I am hoping it is NOT settled, that it gets to the jury!
"Many policyholders with damage, including those who had coverage from companies other than State Farm, contend that they received nothing or only small payoffs from their homeowner policies because insurers blamed their losses on storm surge, which is not covered, rather than on the hurricane's winds.
Hundreds of Mississippi homeowners have sued their insurance companies for refusing to cover billions of dollars in damage from Katrina's storm surge. The Broussards' case is only the second to be tried since the August 2005 storm destroyed or severely damaged tens of thousands of homes.
The Broussards, whose Biloxi home was reduced to a slab by Katrina, claim a tornado destroyed their home before any flooding."
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