Reply #98: Ahh....

[Sgent]

Yes, I agree with you on that. In fact, relatively few NFIP policies are directly written by NFIP since they don't really have the infastructure setup to sell and service claims -- whereas Travlers does.

What I was saying in my earlier message, is that I would like to see them revamp the entire theory behind flood insurance. Instead of having a separate policy, make it an insured peril on all homeowners policies. There would have to be a stop-loss provision however allowing losses over a certain amount to be covered by the federal government (instead of all losses as the case is now).

There would also have to be some regulations insuring that insurance is available everywhere it is currently (although higher prices might be applicable based on projected losses).

This would insure that people like my grandparents (see much earlier post), would have flood insurance. It would also eliminated the whole "windstorm or flood" question, etc.