[The-Shoveler]

Dewey wins!!

[The-Shoveler]

So what are the chances they would say, hey the damage was not a real quake, it was caused by a passing truck maybe.

ZERO !!

Don’t get me wrong it’s not that I am against them doing this it’s just that I think there would be Zero chance of the CEA ponying up the deductible on the claims.

East Coast homeowners saved from hurricane deductibles

Hurricane Sandy is shaping out to be one of the costliest hurricanes in U.S. history, with early damage estimates in the range of $30 billion to $50 billion, reports Barclays Capital.

For homeowners impacted by Hurricane Sandy, many will not have to pay costly hurricane deductibles before insurance coverage goes into effect.

Various homeowner insurance policies have a deductible based on a property’s insured value, which ranges from 1% to 5%.

For example, if there is a 5% deductible for a home that is insured for $300,000, the homeowner would pay $15,000 before receiving money from the insurance company.

The National Weather Service declared Hurricane Sandy as a “tropical storm” and as a result, homeowners in New Jersey, Maryland, New York and Connecticut are subject to pay costly hurricane insurance deductibles.

In New Jersey, for example, the Department of Banking and Insurance informed state insurers that hurricane deductibles do not apply because under state law, two requirements need to be met: it must be classified as a hurricane by The National Weather Service when it hits the state and winds must sustain 74mph inland.

Connecticut law must issue a hurricane warning for the state in order for the deductible to go into effect.

“The state moved very swiftly to alert the industry that this storm — although devastating to so many — did not meet the criteria for a hurricane deductible under state law,” said Connecticut Gov. Dannel P. Malloy in a statement.

In New York, homeowners do not have to pay for hurricane deductibles, said Gov. Andrew Cuomo.

“Insurers should understand the Department of Financial Services will be monitoring how claims are handled,” he said in a statement.

[The-Shoveler]

For all the PITB a septic system can be,

there are times it’s priceless.

[The-Shoveler]

I just never used the auto pilot button.

I know most do, I just never did so it’s a little hard for me to relate.

[The-Shoveler]

Sometimes it does not matter, you can be in the wrong place at the wrong time no matter when you were born as well.

I remember seeing posts on this board saying they would have been much better off buying a home at the top then leaving their money in the stock market in 2009.

I saw people downsize and put the money in the stock market in 1999 only to have most of it evaporate into thin air when what seem like very solid investment went BK (enron, worldcom etc…)

You can always make the wrong choice, in fact it is very very hard to make the smart choice as they always seem like the most bone head move at the time, like taking your stock money and buying a home in 1999.

That why some people hedge.

[The-Shoveler]

Call me a tin foil hat wearing nut Job if you want, but I believe it turned out exactly the way they (TPTB) wanted it to and they knew exactly what they were doing the whole time.

[The-Shoveler]

Don’t know,

China seems to be inflating their way out of their bubble; Canada seems to be emigrating their bubble trouble away.

don’t know it really could have turned out a lot differently.

Minimum wage could have been about 15 an hour right now.

[The-Shoveler]

Delete

[The-Shoveler]

Seems like NJ taking the brunt of it so far, as long as it moves on and does not just sit there and churn (like in the movie) maybe it won’t get that bad (I hope anyway), Anyway I guess you guys got another hour before it hits NY.

Good luck

[The-Shoveler]

[quote=spdrun]Hi! Fine here for now.

Parts of Lower Manhattan and Brooklyn are getting hit by storm surge and some low-lying areas are flooded — luckily I don’t live in an area below sea level. The East River is just about at sidewalk level and sloshing over about a block from my place, down a fairly steep hill. The highway along the river is closed of course.

No strong wind nor serious rain as of yet. That comes later around 4-5 pm this afternoon.[/quote]

Good to hear, Keep us posted if possible.

Good to have someone on the ground, there is so much hype on these things in the media.

[The-Shoveler]

You were knocking on wood while
you were typing right ?

Wonder how “spdrun” is doing?

Probably won’t see many posts from him for a few days.

[The-Shoveler]

To sum it up I think what I am saying is that right now a large part of the slack in the world economy is being picked up by china Via massive stimulus spending,
Everyone is looking/counting on the U.S.A. to get back in the game.
Time will tell.

[The-Shoveler]

[quote=The-Shoveler]The Glue on the duct tape is starting to give.

China really counting on U.S.A. to get in gear.
As exports to Europe down over 20%.
The Stimulus being spent there would blow you minds ( I would not believe it if I had not seen it myself)

Quick buy more smart-phones and Ipad’s/Iclones!!!
And TV’s[/quote]

I cannot really even come close to describing this,
But I traveled quite extensively though what used to be very remote area’s in south west and south east China, They are building freeways everywhere I saw more BMW’s and MB’s being delivered by truck than I have ever seen in the U.S.A.,

The building and road construction was everywhere (were talking thousands of miles here on a road trip).

Even in the established cities the Stimulus spending was just incredible.

[The-Shoveler]

The Glue on the duct tape is starting to give.

China really counting on U.S.A. to get in gear.
As exports to Europe down over 20%.
The Stimulus being spent there would blow you minds ( I would not believe it if I had not seen it myself)

Quick buy more smart-phones and Ipad’s/Iclones!!!
And TV’s

[The-Shoveler]

[quote=Hobie]
Remember to figure in new baseboard too.[/quote]

Sometimes you can get away with a cheap baseboard extender (well depending on the situation and how picky you or your family is).

[Author]

Posts