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Hurricane Sandy OBS (Part ii)


Alpha5

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The progress around me is abs nuts, NYC sanitation gets so much credit almost every street everywhere is clear, the rockaways are just dusty. Only real visible damage are the houses that burnt down. The sanitation is using Riis parks parking lot as a dump mounds & mounds of garbage. Mostly everyone has the houses gutted just waiting to build. The hardest part was the sand in the basement feet & feet of sand we had to shovel out. Glad everyone is ok things slowly getting a bit better.

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New estimate for AIR has insured losses at $16-22 Billion. Would expect uninsured losses from Sandy to be higher than most other storms (except Katrina probably) due to the higher percentage to surge related damage compared to any other storm. Would put property losses only (not counting business losses) close to Andrew adjusted.

http://www.businessw...-worldwide-says

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At issue was the “hurricane deductible,” which many homeowner’s insurance policies were told did not apply after Sandy because the storm lost its status as a hurricane as it made landfall in New Jersey.

But while that means most people will not have to pay out of pocket before homeowner’s insurance kicks in, for those in Howard Beach who do not have flood insurance, the ensuing damage from the storm surge is not covered.

http://www.qchron.com/editions/south/frustrated-residents-lash-out-at-meeting/article_5ced1912-ffba-58dd-ac21-6427a07fc987.html

Ridiculous move by the NHC, they had to be pressured by the insurance companies to do this.

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At issue was the “hurricane deductible,” which many homeowner’s insurance policies were told did not apply after Sandy because the storm lost its status as a hurricane as it made landfall in New Jersey.

But while that means most people will not have to pay out of pocket before homeowner’s insurance kicks in, for those in Howard Beach who do not have flood insurance, the ensuing damage from the storm surge is not covered.

http://www.qchron.co...27a07fc987.html

Ridiculous move by the NHC, they had to be pressured by the insurance companies to do this.

NHC did not make their decision alone.

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At issue was the “hurricane deductible,” which many homeowner’s insurance policies were told did not apply after Sandy because the storm lost its status as a hurricane as it made landfall in New Jersey.

But while that means most people will not have to pay out of pocket before homeowner’s insurance kicks in, for those in Howard Beach who do not have flood insurance, the ensuing damage from the storm surge is not covered.

http://www.qchron.com/editions/south/frustrated-residents-lash-out-at-meeting/article_5ced1912-ffba-58dd-ac21-6427a07fc987.html

Ridiculous move by the NHC, they had to be pressured by the insurance companies to do this.

Isn't Howard Beach in a FEMA disaster area? If yes, then FEMA would cover those without insurance for up to around $35k, of I remember correctly.

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I'm not sure why this was a "ridiculous" move by Nhc in the context of hurricane deductables. Flood exclusions are standard in homeowners policies and carriers would deny claims no matter if the storm was classified as a hurricane or a post-tropical storm if the exclusion is applicable. Maybe you've seen otherwise, but I'd be very surprised if the policy language says that storm surge by a hurricane is covered while other types of floods are excluded. I think Nhc should have had hurricane warnings, but not because of the insurance implications. If carriers can find a way out of paying that's the road they take.....unlike a good neighbor.......

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of course, it was made with the govt and insurance companies to minimize payout. I alraedy am hearing multiple class action lawsuits are in progress due to this.

That's not at all what I meant. I mean it wasn't the only agency in the government who made that decision. Other parts of NWS were also consulted equally.

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I was flooded in Irene last year. I do not have flood insurance. Homeowners will NOT cover flood damage, it doesn't matter if it was classified a hurricane or not. If you do have flood insurance, disaster area or not, FEMA will have you go through your flood insurance. If you do not have flood insurance, and you are in a declared disaster area, FEMA will cover to make your home safely habitable and no more. After that you can apply for a FEMA loan. I don't know about FEMA loans for those that are insured.

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If you really wanna get deep in the weeds on insurance coverage go down to "Steve on sandy" which discusses successive causation and how courts are likely to decide on coverage if litigated. It seems to me that in new york, those who had their houses burned to the ground in fires should be made whole by the insurance company. This is assuming that the policy doesn't have a concurrent cause exclusion where if one uncovered cause contributed to the loss the entire loss is uncovered. The article seems to say that the court is likely to look at the actual cause of the loss (fire) instead of what started the fire/caused the fire to spread/prevented fdny from stopping the fire (flood).....

http://www.hurwitzfine.com/shownews.php?type=coverage&id=475

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Sandy death toll in N.J. reduced to 38 after Hawthorne man removed from list

The number of New Jersey deaths caused by superstorm Sandy was reduced by one, to 38, on Monday after the state medical examiner’s office ruled that an 83-year-old Hawthorne man who fell down steps at his home did not die as a result of the storm.

Benjamin Harris, a retired school teacher, died after falling down the stairs leading to his second-floor apartment at Hawthorne Gardens, which had lost power in the aftermath of Sandy. His body was found on Nov. 4, and police said they believe he died on Nov. 2, four days after the storm.

Police had said his death appeared to be related to the storm because his building had no electricity. It was not clear Monday why his death was reclassified.

http://www.northjersey.com/hawthorne/NJ_deaths_tied_to_Superstorm_Sandy_now_put_at_38.html?scpromo=1

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Fascinating. I'm wondering how they obtained the readings they did for the surge/inundation, because just from my experience the inundation above ground level for Long Beach was much higher than just over 1 foot-my house alone had probably 2 feet of water in it and outside the house I would estimate the water came up to 3-3.5 feet above the street surface. Some other places had depths of well over 4 feet, just looking at the water lines on some of the homes. Regardless, what a devastating event that I hope to never see again. Picking through the devastation for weeks afterward was gut-wrenching.

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