Insurance still a costly quagmire as hurricane season arrives
At first, policies of homeowners in hurricane-ravaged areas along the coast were dropped, forcing them to the more costly Louisiana Citizens Property Corp., the state’s insurer of last resort.
Nelson Potier’s house south of La. 14 near Erath in Vermilion Parish escaped Rita’s wrath. Farm Bureau canceled his coverage anyway, forcing him to Citizens Property Insurance Corp. His homeowners policy went up from $1,100 a year to $2,900 a year, and he said his coverage is not as good.
That’s been the story with many coastal residents, especially south of La. 14 in Vermilion Parish, where many homes were flooded by Rita’s storm surge. Now, homeowners in unaffected areas like Lafayette are feeling the pinch, too.
Chasity Hooks has lived in the Saint Streets area of Lafayette near the Cajundome since 1996. Since 2005, she has paid Allstate to insure her home and two automobiles. Read More
