Homeowners lose Katrina insurance flood case
 

NEW ORLEANS (Reuters) - A U.S. District Court judge on Tuesday ruled a Mississippi couple's homeowner policy did not give them coverage for damage from flooding caused by Hurricane Katrina, in a major win for the insurance industry.


Paul and Julie Leonard were awarded $1,228 to cover wind damage but lost their argument that their Nationwide Mutual Insurance policy covered flood damage associated with the storm, which they said cost them more than $130,000.

The case has been closely watched by thousands of homeowners who believe damage from floods swept in by Katrina along the U.S. Gulf coast should be covered under policies generally meant to cover hurricane damage.

Mississippi District Court Judge L.T. Senter said the Leonards, whose house took in 5 feet of water, should have read their policy more closely.



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I could see this one coming.

We REALLY all should read our insurance policy's. Basally, we get nothing with the usual (ins. co. & govmt. suggested) coverage other than a monthly payment.

You'll be hard pressed to find an insurance company that covers flooding in any part of the country. Sad as this is I'm not the least bit surprised.