Re: Promises! Promises!

Ed, I have asked that question of every insurance company that has turned us
down. The answers I get are primarily that it is not up to "code". This is
an area where termites are a major problem, and the crawl space supposedly
makes it more likely for termites to cause damage. What they do not
consider is that the original part of our house was built in 1933, before
anybody thought of inventing codes, and was build of first-cut Dade County
Pine, which you cannot even drive a nail into and is impervious to insect
damage. But, the code says houses must be built on a concrete slab. Our
house has had 2 major renovations/additions, which are on concrete slabs,
but the original 5-room house is not. It is interesting to note that in
Hurricane Andrew, both of the recent additions to the house were damaged,
but the original part of the house was completely sound!

We also have trouble with insurance because we have 10 acres, much of which
is under Agriculture, and a normal Homeowners Policy will not be written for
it, and Farm Bureau (whom we were insured with in NJ) turned us down because
of the "off-grade foundation."

Another company said they "might" be able to get us coverage for a minimum
of $400,000 (our house is NOT worth that much, and they don't insure land,
fencing, etc.) for a premium of $9,000 a year with a $40,000 deductible for
windstorm. Hurricane Andrew did not do $40,000 worth of damage to our house
and outbuildings.

Long answer, and a frustrating one.

Barb C.
"Ed Chait" <edchait4@xxxxxxxxxxxxx> wrote in message
news:BPadnWDRrvN9MzHVnZ2dnUVZ_ozinZ2d@xxxxxxxxxxxxxxxx

"Barbara Carlson" <bbcarlson@xxxxxxxxxxxxx> wrote in message
news:qKOdnZA3HqVE_THVnZ2dnUVZ_vzinZ2d@xxxxxxxxxxxxxxxxxx
I agree. The President does not have the power to enact those promises.
They are both guilty of it. And, even if the promises are desirable, the
financial mess the next President has to deal with will preclude the
common sense of enacting them. I just want my property taxes brought down
to where I won't be forced to move to someplace I don't want to move to!
They claim the house and property we bought for $250,000 is now worth 1.2
million. I can still afford the $250,000 one, but not the 1.2 million
one--same house, and not in as good condition right now, and not insurable
because of a crawl space under the oldest part of the house! That means a
person can't get a mortgage, either.

Still, on the election, I'll go with the smart one.

Barb C.


Why would a crawl space under your house make it uninsurable?

ed


.

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