For insurable facilities or property (buildings; contents; equipment; and vehicles) damaged by flood; the applicant is required to obtain and maintain flood insurance in the amount of eligible disaster assistance. The pumping stations do not meet the definitions of building or equipment under FEMA policy. Therefore; the obtain and maintain insurance requirement does not apply.FEMA cannot provide assistance for disaster-related losses that would duplicate benefits available from another source; including insurance. FEMA reduces eligible costs by actual or anticipated insurance proceeds.The Applicant provided documentation confirming that a settlement for the claim will be paid in the amount of $31;750.00. FEMA will adjust eligible costs based on the amount of actual insurance proceeds.
HeadnotesFor insurable facilities or property (buildings; contents; equipment; and vehicles) damaged by flood; the applicant is required to obtain and maintain flood insurance in the amount of eligible disaster assistance. The pumping stations do not meet the definitions of building or equipment under FEMA policy. Therefore; the obtain and maintain insurance requirement does not apply.FEMA cannot provide assistance for disaster-related losses that would duplicate benefits available from another source; including insurance. FEMA reduces eligible costs by actual or anticipated insurance proceeds.The Applicant provided documentation confirming that a settlement for the claim will be paid in the amount of $31;750.00. FEMA will adjust eligible costs based on the amount of actual insurance proceeds.Conclusion