The Federal Emergency Management Agency announced this week that it has approved more than $1 billion in assistance to individuals and families in New York whose property was damaged or destroyed by Superstorm Sandy.
This includes more than $855 million to help eligible survivors with home repairs and temporary rental costs and nearly $145 million with other uninsured hurricane-related expenses related to personal property, transportation, medical, dental, funeral and moving costs.
The $1 billion in grants through FEMA’s Individuals and Households program is part of more than $8 billion in total disaster assistance toward New York’s recovery, including more than $1.5 billion in low-interest U.S. Small Business Administration disaster loans, more than $3.7 billion in flood insurance claim payments and more than $1.8 billion for debris removal, repair or replacement of public facilities and reimbursement for emergency expenses.
Source: The Federal Emergency Management Agency
Was this article valuable?
Here are more articles you may enjoy.
Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud 
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
Brookfield Targets Global Dominance in P/C Insurance Coverage 
