BAD ROOF AND CELLAR FLOODED?
By Chuck Wells
Joe Homeowner: Hey Chuck. Iím
in my boat down in the cellar. Will my home insurance pay for a
little water damage down here?
Chuck: How much water is in your cellar?
Joe: Not much. I could barely put my boat motor down.
Chuck: How did the water get in your cellar?
Joe: I donít know. This happens every year when the snow
melts and then we get the rain. My sump pump couldnít keep up
but my wife and kids have been bailing for the past 6 hours so
weíre holding our own. Iím not sure how much longer they can
hold out though. They are starting to complain.
Chuck: Sorry, Joe, youíre up the creek without a paddle.
The standard home insurance policy does not cover damage done by
water coming into your cellar from the outside. If you bought
extra coverage for backup of sewers or drains, you might have
gotten some money.
Joe: But I have all new furniture and carpeting down
Chuck: Why do you have all that valuable stuff down there
when you know your cellar floods?
Joe: Because I figured you insurance guys would bail me
out anyway. I also needed someplace to go as my mother-in-law
lives upstairs with us. You know what thatís like! You mean I
have been paying on this stupid policy for years and canít
collect what I deserve? Insurance is a rip-off!
Chuck: Sorry, Joe.
Joe: How about you guys buying me a new roof, then? Itís
leaking now because it is 30 years old and I didnít want to
spend the money to have it replaced. You insurance people should
be good for something!
Chuck: Why should everyone paying premiums for home
insurance have to buy you a new roof because you didnít want to
take care of it yourself?
Joe: Because I deserve it. Besides, the money just comes
from the big insurance company anyway so whatís the big deal?
Chuck: If the leaking is from ice backing up under your
roof, you may have some coverage for its repair. If it is just
normal wear and tear, itís your ballgame.
Joe: Insurance is a rip-off!
DANGEROUS GOLF CARTS?
The National Highway
Traffic Safety Administration thinks golf carts are too
dangerous so they want to keep us safe by proposing safety
regulations for these golf carts. The new regulations would
mandate seat belts, headlights, and other safety devices.
They are concerned that some old folks are driving their carts
on streets in retirement communities and are having accidents.
However, Scott Montana, a golf cart maker in California, says
the repairs he does are from people driving into trees and
curbs. Golf cart official also say seatbelts may make the carts
less safe because people wonít be able to jump out.
No word on airbags for the carts and mandatory helmets for
drivers but Iím sure that will be next.
A donut shop owner in
Salinas, California pleaded guilty to insurance fraud. After an
employee was shot during a holdup, the shop owner dragged the
wounded manís body out to the sidewalk to make it look like he
was a customer as the owner did not have workerís compensation
insurance for the employee.
your feedback on this Article