[StBernard] Buy-out -- Is this correct

[Westley Annis]

Patty,

Craig will have to ring in on this, but I thought it was optional, not a
possible expropriation.  Though the language can be confusing when reading.

John


----- Original Message -----

>

> 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

>