WHAT THE TEXAS FLOOD MEANS TO ALL AMERICANS

[p_rehbein]

The Texas flood will have a DIRECT and EXPENSIVE impact on ALL Americans.

1) Price of gas. The price for a gallon of gas will go up Nationwide. Where you live wil determine the exact amount of increase, but EVERYONE will be paying more. Now, the sad part is, in my opinion, this is nothing more than the Oil Companies taking advantage of a huge Natural Disaster to reap Millions and Millions of dollars in profits! The very simple TRUTH is......it DOES NOT cost them ONE PENNY more to produce a gallon of gas now, and in the days to come, than it did BEFORE this storm ever came near Texas! In my opinion, the ENTIRE Members of the Boards of these Companies should be prosecuted and imprisoned for Criminal Price Gouging. But, forget it, will never happen.

2) Cost of ALL products you purchase on a daily basis. Everything will see some increase in price due to the rise in gas prices which will mean the Producers will pay more to get their products to the Manufacturers, who will pay more to get their products to the Wholesalers, who will pay more to get their products to the Retailers, who will raise the prices to cover their additional costs. Such is the way of the Free Market System.

3) Insurance. When the TOTAL COST of the Claims paid out by the Insurance Companies begins to come in, those Companies will raise Premiums across the board, across the Nation, spreading out the increases to cover what they are going to have to pay out. The TOTAL COST of this flood will be in the BILLIONS!

4) Health. When things settle down, and the waters recede, and the cleanup begins, people will discover that their homes and businesses and places they shop that were flooded will begin to have mold and mildew growing in their walls. These contaminates will have an impact on the health of the young and the elderly. And while it will not be directly linked (at first) to the flood, believe me it will be the true cause of the increase in illnesses with the young and elderly. Anyone who has problems with asthma, allergies, or respiratory illnesses will also suffer.

5) Jobs. Many Businesses that were flooded will discover that even with Insurance pay outs, it is more profitable for them to simply close than to rebuild. Their Employees will be looking for work, and on the Dole. There will be a significant increase in people filing for Federal/State Benefits of all types.

Every person in America will feel the effects of this flood DIRECTLY!

 

[mailmandan]

Most Harvey flood victims uninsured, face big bills alone

A home is surrounded by floodwaters from Tropical Storm Harvey on Monday, Aug. 28, 2017, in Spring, Texas. Homeowners suffering from Harvey flood damage are more likely to be on the hook for losses than victims of prior storms, a potentially crushing blow to personal finances and neighborhoods along the Gulf Coast. Experts say far too few homeowners have flood insurance, just two of ten living in Harvey’s path of destruction. (AP Photo/David J. Phillip)
David J. Phillip

NEW YORK (AP) — Homeowners suffering flood damage from Harvey are more likely to be on the hook for losses than victims of prior storms — a potentially crushing blow to personal finances and neighborhoods along the Gulf Coast.

Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. That means families with flooded basements, soaked furniture and water-damaged walls will have to dig deep into their pockets or take on more debt to fix up their homes. Some may be forced to sell, if they can, and leave their communities.

"All these people taken out in boats, they have a second problem: They have no insurance," said Robert Hunter, director of insurance at the Consumer Federation of America.

Harvey made landfall in Texas late Friday as a Category 4 hurricane and has lingered off the coast, dropping heavy rain as a tropical storm. Hunter expects flood damage alone from the storm to cost at least $35 billion, about what Katrina cost. But in that 2005 hurricane about half of flooded homes were covered by flood insurance.

With Harvey, only two of 10 homeowners have coverage, Hunter estimates.

Homeowners insurance typically covers just damage from winds, not floods. For that, you need separate coverage from the federally run National Flood Insurance Program. The insurance must be bought by homeowners with federally-backed mortgages living in the most vulnerable areas, called Special Flood Hazard Zones.

People in those areas and near them have complained for years that the premiums are too high, though they would be much higher still if not subsidized by the federal government.

Much of the Houston area falls outside those most vulnerable zones and many homeowners who aren't forced to have coverage have decided to do without. Now they are stuck because much of the damage in the nation's fourth largest city won't be covered by their homeowners insurance.

Unlike Corpus Christi and Rockport, much of the Houston area was damaged by flooding, not winds.

"There's going to be a huge uninsured economic loss here," said Pete Mills, a senior vice president at the Mortgage Bankers Association.

About 1.2 million properties in the Houston-Sugarland-Baytown area are at high/moderate risk of flooding but are not in a designated flood zone requiring insurance, research firm CoreLogic estimates. That's roughly half of all properties — residential and commercial — in that area.

Hunter of the CFA said that homeowners without flood insurance can possibly apply for federal disaster relief benefits, but those come in the form of low interest loans, a burden for those already struggling with too much debt.

"If you have $30,000 in damages, you can get maybe $25,000," Hunter said. "But there will be interest, and then you have your mortgage. You'll have two loans on your house."

Homeowners with water damage can get paid through their homeowners insurance but only if wind blows out a window or sends a roof aloft first, allowing the water in. If the water rushes through the floorboard or walls, you're not covered.

Harvey has dumped more than 30 inches of rain in some places, and rivers are swelling and expected to crest at record levels. The Cypress River, which runs through downtown Houston, is expected to rise four feet higher than the record 94.3 feet set in 1949, according to Air Worldwide, a risk modeling firm.

Hunter said that adjusters typically take about 30 days to visit your home and send a check, but the crucial distinction between wind damage and flood damage can be tricky and take longer. Fights in court with insurers over wind-versus-storm damage stretched out for years after Superstorm Sandy in 2012.

Sandy resulted in $8.4 billion in payouts for flood damage from the federal insurance program, according to the Insurance Information Institute. After Katrina in 2005, the program paid $16 billion for flood damage.

The flood program is run by the Federal Emergency Management Agency, which owes the Treasury about $23 billion in funds borrowed to cover the cost of past disasters, according to a recent report by the U.S. Government Accountability Office.

For homeowners facing big bills, some banks may be willing to help. During a disaster like Harvey, they typically will institute a type of forbearance program on any borrowers who are in the disaster's impacted counties.

Wells Fargo, the nation's largest mortgage lender, said Monday that it was suspending all negative reporting to credit bureaus, collection calls and foreclosure procedures against customers in the impacted communities at least through the end of September.

Customers who contact Wells Fargo can get disaster relief for 60 to 90 days, and can postpone payments. Further relief will be offered case-by-case, the bank said.

Loretta Worters, a spokesperson for the Insurance Information Institute, said floods do have a least one positive effect: They convince people who had shrugged off the risk to their homes to buy policies.

But the memory quickly fades, she added, noting that despite the blows of Katrina and Sandy and other storms only 12 percent of homeowners nationwide had flood insurance last year.

"People buy coverage immediately after a storm, then it starts to drop," Worters said. "Three or four years later, we're back to where we started." - Most Harvey flood victims uninsured, face big bills alone | Ap | richmond.com

 

[p_rehbein]

Which will still end up costing us because they will most likely default on any Loans they have, and surely go on Assistance, either Federal or State.....

 

[mailmandan]

Which will still end up costing us because they will most likely default on any Loans they have, and surely go on Assistance, either Federal or State.....

You got that right!

 

[notuptome]

Now that you have so acutely identified the problem what do you offer as the solution?

For the cause of Christ
Roger

 

[WineRose]

Wow. I didn't know that...sorry, guys...

 

[heartofdavid]

When Ivan hit Pensacola,fema stepped in.

Even though I had ins. They bought me 2generators,A chainsaw,gasoline,and 300 in food stamps.

Those with fly by night ins. Found the agency closed,locked,and gone fishing when they went for their claim.

FEMA helped those with no ins.

There is such a glut in fuel,we actually export oil. We just hit a new jackpot in west Texas. Huge,huge find.

In the last 3 years,in s Texas,HUNDREDS of huge storage tanks have been built,with hundreds of miles of pipelines.

Maybe thousands.

This is huge.

As long as there is a glut,prices will stay low (maybe).

but I see a lot of this mess as judgement.

When you see all the destruction firsthand,it does something to you. Harvey is number 7 for me. We got the edge,but lost 4 big trees. No power for 4 days,counting today. But the real suffering is Rockport,practically a stone's throw away. They got slammed.

They need help

 

[Billyd]

Now that you have so acutely identified the problem what do you offer as the solution?

For the cause of Christ
Roger

Our youth and adult disaster repair teams are planning assistance trips to assist with cleaning and repair of homes. They usually work with local churches in the disaster area to identify those most in need.

 

[notuptome]

Our youth and adult disaster repair teams are planning assistance trips to assist with cleaning and repair of homes. They usually work with local churches in the disaster area to identify those most in need.

Our church supports Operation Renewed Hope which ministers in natural disasters around the world. They will send assistance through the local churches to the folks in Texas.

For the cause of Christ
Roger

 

[Willie-T]

It basically means higher prices for a while.

 

[notuptome]

It really means here is an opportunity to show what being Christian means and is the perfect opportunity to give the gospel along with help in time of real need.

Put action to the words.

For the cause of Christ
Roger

 

[joaniemarie]

The more disasters I see in the world and have seen in my own life., ., the more I must REMEMBER to think on and about the endless supply of our Father. Where sin abounds., grace does much more abound. Romans 5:20-21

Our Father has an endless supply AND has given us endless resources IN Christ. The only limit is what we are not willing to believe Him for.



[SUP]20 [/SUP]But then Law came in, [only] to expand and increase the trespass [making it more apparent and exciting opposition]. But where sin increased and abounded, grace (God’s unmerited favor) has surpassed it and increased the more and superabounded,
[SUP]
21 [/SUP]So that, [just] as sin has reigned in death, [so] grace (His unearned and undeserved favor) might reign also through righteousness (right standing with God) which issues in eternal life through Jesus Christ (the Messiah, the Anointed One) our Lord.

 

[Huckleberry]

FEMA helped those with no ins.

Don't you read the conspiracy forum?

FEMA is evil and is preparing to enact martial law and haul all
the "fake" Christians off to closed Wal-Mart stores where they
have giant gas chambers and ovens they are going to cook us in,
however all the "true" Christians will be "raptured outta here"
just in the nick of time, so I guess you have a sporting chance.

You should get up to date on this stuff.

 

[tourist]

Don't you read the conspiracy forum?

FEMA is evil and is preparing to enact martial law and haul all
the "fake" Christians off to closed Wal-Mart stores where they
have giant gas chambers and ovens they are going to cook us in,
however all the "true" Christians will be "raptured outta here"
just in the nick of time, so I guess you have a sporting chance.

You should get up to date on this stuff.

Best to avoid Walmart and shop at Target. Of course, there they have a bulls-eye on you but you might have a fighting chance.

 

[Jennie-Mae]

Best to avoid Walmart and shop at Target. Of course, there they have a bulls-eye on you but you might have a fighting chance.

Walmart(ial) arts might could be targeting that bull.

 

[p_rehbein]

Sorry......this makes no sense whatsoever.

Far more than "the problem."

And far more required than "the solution."

Don't see the point of your posting this comment, sorry, just don't.

Now that you have so acutely identified the problem what do you offer as the solution?

For the cause of Christ
Roger

 

[zeroturbulence]

The Texas flood will have a DIRECT and EXPENSIVE impact on ALL Americans.

1) Price of gas. The price for a gallon of gas will go up Nationwide. Where you live wil determine the exact amount of increase, but EVERYONE will be paying more. Now, the sad part is, in my opinion, this is nothing more than the Oil Companies taking advantage of a huge Natural Disaster to reap Millions and Millions of dollars in profits! The very simple TRUTH is......it DOES NOT cost them ONE PENNY more to produce a gallon of gas now, and in the days to come, than it did BEFORE this storm ever came near Texas! In my opinion, the ENTIRE Members of the Boards of these Companies should be prosecuted and imprisoned for Criminal Price Gouging. But, forget it, will never happen.

2) Cost of ALL products you purchase on a daily basis. Everything will see some increase in price due to the rise in gas prices which will mean the Producers will pay more to get their products to the Manufacturers, who will pay more to get their products to the Wholesalers, who will pay more to get their products to the Retailers, who will raise the prices to cover their additional costs. Such is the way of the Free Market System.

3) Insurance. When the TOTAL COST of the Claims paid out by the Insurance Companies begins to come in, those Companies will raise Premiums across the board, across the Nation, spreading out the increases to cover what they are going to have to pay out. The TOTAL COST of this flood will be in the BILLIONS!

4) Health. When things settle down, and the waters recede, and the cleanup begins, people will discover that their homes and businesses and places they shop that were flooded will begin to have mold and mildew growing in their walls. These contaminates will have an impact on the health of the young and the elderly. And while it will not be directly linked (at first) to the flood, believe me it will be the true cause of the increase in illnesses with the young and elderly. Anyone who has problems with asthma, allergies, or respiratory illnesses will also suffer.

5) Jobs. Many Businesses that were flooded will discover that even with Insurance pay outs, it is more profitable for them to simply close than to rebuild. Their Employees will be looking for work, and on the Dole. There will be a significant increase in people filing for Federal/State Benefits of all types.

Every person in America will feel the effects of this flood DIRECTLY!

Sounds logical, but did all that happen after Katrina? Gas prices went up, because the oil companies are always looking for an excuse to raise them. They say they need to because of damaged refineries, but they have so much money in their coffers that they can easily pay for repairs themselves if they wanted to... But did all that other stuff happen too? I don't think it did.

 

[Tommy379]

A lot of oil moves in and out of the gulf coast of Texas. A lot of refineries in that area too. Just sayin.

 

[tanakh]

Don't you read the conspiracy forum?

FEMA is evil and is preparing to enact martial law and haul all
the "fake" Christians off to closed Wal-Mart stores where they
have giant gas chambers and ovens they are going to cook us in,
however all the "true" Christians will be "raptured outta here"
just in the nick of time, so I guess you have a sporting chance.

You should get up to date on this stuff.

I hope this meant as a joke. Trouble is its hard to tell on this site when to take some things seriously or not

 

[p_rehbein]

Yes, but this will be to a much greater degree in my opinion. And, remember, folks in New Orleans ARE STILL dealing with what happened during Katrina.

See, the Federal Government is ALL ON TV talking about how wonderful they are, and all they are going to do to help the victims........and that's great. Then, some time passes, some NEW thing happens, the Media gets distracted and starts to cover OTHER stories, and when the Feds see the Media losing interest and leaving....they begin to tippytoe away. Oh sure, they leave a few LOW LEVEL Officials around just incase someone decides to check back in on what's going on. That way they can say.........."See, we are still there!" Problem is, these low level Officials have no power to make decisions or order actions to be taken............anyway

Sounds logical, but did all that happen after Katrina? Gas prices went up, because the oil companies are always looking for an excuse to raise them. They say they need to because of damaged refineries, but they have so much money in their coffers that they can easily pay for repairs themselves if they wanted to... But did all that other stuff happen too? I don't think it did.