![]() Some parishes on the coast, like Grand Isle, issued mandatory evacuations for all residents. ![]() Still, evacuation orders varied widely from parish to parish. Ida made landfall as a Category 4 hurricane across most of southeastern Louisiana last Sunday. In the days following the storm, Richmond heard from homeowners that their insurance policies were not going to cover the cost of temporary housing unless their homes had been under mandatory evacuation orders. The policy shift's origins can be traced back to Cedric Richmond, a former Louisiana congressman who is a top official in the Biden White House. president effectively shaming huge corporations into changing a bedrock piece of their operations - namely how insurance companies gauge coverage eligibility. Members can provide receipts for consideration of reimbursement." The state's insurance commissioner, James Donelon, issued a bulletin Friday to all insurers in the state, saying they "should waive the language contained in their insurance policies requiring mandatory evacuation to trigger civil authority coverage."ĭonelon also directed insurers to inform his office of whether or not they would abide by the request, raising the stakes for companies if they decide to deny coverage.Īfter this story was published, a USAA spokesperson told CNBC, "Some USAA homeowners' policies provide limited coverage for evacuation expenses, when there is damage that is covered. On Friday Biden visited Louisiana, where he said his administration is putting "as much pressure as we can" on insurance companies. Pay your policyholders what you owe them and cover the cost of temporary housing in the midst of disaster. Personal Loans for 670 Credit Score or Lowerīiden then appealed to home insurers: "Do the right thing. Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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