[StBernard] Buy-out -- Is this correct

[Westley Annis]

Question about the buyout plan - Say your house was worth $100K - 60% of
pre-storm value is $60K. Insurance paid you $100K on building for flood
because it maxed your policy.  Does this mean your property can be taken
from you, since you were paid more in insurance than the buyout can offer?
Why should those of us who PAID for insurance to protect our property be
penalized and have our property stolen through "eminent domain"?

Patty