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Originally Posted by maximusveritas
"It's sue, sue, sue... That's not the answer" - Trent Lott
Apparently it is the answer when his own ass is on the line. Funny how that happens.
BTW, Poppinjay, where did you get that "he's suing for $74k"? It looks to me like he's suing for full coverage, well over $75K. Not only that, but he says he's doing it to set a precedent for more lawsuits which could severely hurt the insurance industry. I don't have a problem with that, but it flies in the face of everything he used to stand for, which is why he's being opposed by Governor Barbour on this.
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I read in another article that it was right at $74k. I may be misinformed.
In Lott's defense, his policy did cover wind damage and had a specific mention of catastrophic storm reimbursement. I read about this in the Wall Street Journal while at lunch today and am searching for backup.
His home is gone, who's to say if it was wind or a surge? As far as the topic of flood insurance, he should have had it. I always did. If it was optional for eastern North Carolina in the Floyd days, the area would be destitute because hardly anybody would have paid for it.