United Fire & Casualty Co., is a Cedar Rapids, Iowa-based property and casualty insurer. On June 20th after the overflowing Cedar River the company was flooded to a height of six feet destroyed computer equipment and everything else in the main office's first floor.
The irony is that they have been forced to incur losses due to the fact that they weren't fully covered by their own premium....
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kendersrule
Pro - 2008-06-26 @ 13:35:57
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smitty1247
- 2008-06-26 @ 13:45:46
Here's the stupid thing. In the states, you can only get flood insurance if you live in a flood plane area. Then you can only collect if others have flood insurance around you and get flooded too. For further insult, they only pay for destroyed items, no sheetrock, siding, windows, basically anything that makes your house a house they won't pay for.
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smitty1247
- 2008-06-26 @ 15:11:54
Glad to see they finally felt our pain!
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LOL
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boredrich
- 2008-06-26 @ 14:32:38
hahahaahaha at last the insurance company know how it bloody feels!
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PurpleDragon
- 2008-06-26 @ 19:12:24
I'm amazed they didn't fiddle it, actually.
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LMAO!