Katrina Victims, Insurance Companies in Wind Vs. Water Dispute

It's the multibillion-dollar debate raging across the Gulf Coast: Was it Katrina's wind or water that caused the devastation?

Said Biloxi homeowner Marvin Hendrix: "I was completely destroyed mentally for a few days, but I said, 'You know what? We should not worry. We have hurricane insurance. Why should we worry?'" Little did he know.

All of Hendrix's 15 rental properties in Biloxi are damaged or destroyed. But his hurricane policy won't cover the losses. Hendrix's insurance company argues it is water damage, which is covered only by flood insurance.

"It can't be a flood because it was a result of the hurricane," Hendrix said. "Without the hurricane, there would have been no water." [Read more - abcnews.com]

Comments

[Florida Residential Insurance Claim]

I am very interested to know the result of most of these claims. In the time of disaster when people have lost their homes and entire livelihood, insurance battles can become pretty ugly.