The U.S. Department of Housing and Urban Development announced today that any additional flood insurance proceeds up to $20,000 will not be treated as duplicative. Federal agencies cannot provide disaster assistance for losses covered by insurance. HUD’s announcement stated that “this will eliminate the need for HUD grantees to reclaim assistance from these households or to repay those funds through non-federal sources. To date, three out of four National Flood Insurance Program (NFIP) claimants have received less than $20,000 in additional compensation from FEMA and will not face any possible repayment.”
Roy Wright, FEMA’s Deputy Associate Administrator for Insurance and Mitigation, encouraged policyholders to call FEMA and request a review if they believe their claims were underpaid for any reason. As of Sept.14, nearly 14,000 policyholders have requested reviews of their Sandy flood insurance claims.
For More Information: http://fema.gov/sandyclaims
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