Sunday, January 20, 2013

Does homeowner's insurance cover floods? | Redux

Does homeowner's insurance cover floods?

90Q: A Curious Short-Lived
90Q: A Curious Short-Lived "Tropical" Cyclone in the Southern Atlantic by NASA Goddard Photo and Video
License (according to Flickr): Attribution License
Excerpt:

Only individuals with flood insurance are covered against the kind of storm surges that cascaded through New York and New Jersey. Those with homeowners insurance alone are most likely to be recompensed for their losses only when the damage was triggered by wind or water gathering from the sky, rather than from ground level. "We issue a lot of news releases, and [ the Federal Emergency Management Agency ] spends a lot of time and money trying to inform people about flood insurance, but even still it comes as a surprise to some people that they're not covered through their homeowners policy," stated Jeanne Salvatore, spokeswoman for the Insurance Information Institute. Certainly, those had an effect on by the hurricane could discover their insurance protection befuddling.

People:

J. Robert Hunter

Overall Sentiment: -0.116052

Relevance: 0.340844

SentimentQuote
-0.239614"Consumers must be the first line of defense against insures shifting costs for wind losses" to the FEMA program, Hunter said.
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: -0.239614
  • Mean: -0.239614
  • Standard Deviation: 1.4142135623731

Jeanne Salvatore

Overall Sentiment: 0

Relevance: 0.256221

SentimentQuote
0.0230204"We issue a lot of news releases, and [the Federal Emergency Management Agency] spends a lot of time and money trying to inform people about flood insurance, but even still it comes as a surprise to some people that they're not covered through their homeowners policy," said Jeanne Salvatore, ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: 0.0230204
  • Mean: 0.0230204
  • Standard Deviation: 1.4142135623731

Robert Hartwig

Overall Sentiment: 0.0273329

Relevance: 0.219542

Sandy

Overall Sentiment: -0.323588

Relevance: 0.200621

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Organization: Insurance Information Institute

Overall Sentiment: 0.0167697

Relevance: 0.427208

FieldTerminology: homeowners insurance

Overall Sentiment: -0.0572907

Relevance: 0.859835

FieldTerminology: insurance claims

Overall Sentiment: 0.121758

Relevance: 0.306342

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