IKE Aftermath.. - Boating & Fishing Information and Reports Forum

FairWeather · #1 (**permalink**) 09-22-2008, 11:18 AM

I got this link sent to me in an email from my Sister.

Looks pretty bad if you ask me.

http://www.boston.com/bigpicture/2008/09/the_short_but_eventful_life_of.html

Matt

Capt. Fred · #2 (**permalink**) 09-22-2008, 12:31 PM

Man what a mess.

Redweiser · #3 (**permalink**) 09-22-2008, 04:13 PM

Quote:

Originally Posted by FairWeather

I got this link sent to me in an email from my Sister.

Looks pretty bad if you ask me.

Very Bad!!! They said 40% stayed and they don't have a complete death count ... bodies were washed out to sea.

Capt. Fred · #4 (**permalink**) 09-23-2008, 07:12 AM

I just heard yesterday that they may not allow some folks to re-build in some areas near the water. It could take up to a year to decide which areas they will allow re-building. If they don't let you then the law in Texas says that in a situation like this the government doesn't have to reimburse you for the value of your land. Ouch!

FASTFJR · #5 (**permalink**) 09-23-2008, 11:32 AM

What are the laws / rules for the NC coast. I "heard" if you lost you beach front home in a storm you are not allowed to build there anymore. ???

FairWeather · #6 (**permalink**) 09-23-2008, 11:44 AM

I'm assuming most places in the US are the same, you can not insure land, only the structure that is built on it.

If you loose your house and the land is still there and passes all setback laws and so forth yes you can rebuild.

Let's say a house sells for (easy numbers) $1,000,000 and insurance agent will not take into account the price of the land they only take into account "what is would cost to recreate the house at todays cost." So if it only takes $600,000 to rebuild the home that is what your insurance is based off of.

Matt