Thursday, July 14, 2011

FEMA Flood Insurance

Government fraud is what it is. 

They must be desperate to collect the premiums, huh?

"Insurance agents say FEMA causing coverage confusion" July 11, 2011|Associated Press

KANSAS CITY, Mo. - Insurance agents in states along the swollen Missouri River basin say federal officials are causing widespread confusion among property owners by pushing the sale of flood insurance policies that might not cover damage from the river flooding that began last month.

The insurance companies say that officials with the Federal Emergency Management Agency, which administers the national flood insurance program, are still urging private agents to sell the insurance even though the policies contain deadlines that appear to exclude the Missouri River flood damage.

The federal officials explain that some of the damage along the river might still be covered under the program’s highly complicated rules, but how much will not be known until after the flooding is over....

The questions primarily affect property owners who waited until recently to decide on flood insurance because their property usually does not flood. The extensive flooding this year - the worst since 1993 - is threatening thousands of acres that normally remain dry....

Yes, another epic disaster basically ignored by the AmeriKan media.

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