TALLAHASSEE – The Countrywide Flood Insurance plan Application had compensated a lot more than $244 million as of Saturday to policyholders whose house was harmed by Hurricane Ian, the Federal Unexpected emergency Administration Agency said Monday.
The system experienced received additional than 43,000 claims and built $142 million in advance payments.
The overall payment total has steadily amplified amid cleanup initiatives from the Category 4 storm, which produced landfall Sept. 28 in Southwest Florida and crossed the condition. As of Thursday, for case in point, the flood-coverage program experienced compensated out $208 million.
Residents who have home loans on houses in specified flood zones are necessary to have flood insurance policy, which is mostly acquired by the federal program. But most Floridians don’t have flood insurance, exacerbating troubles from Ian, which prompted flooding throughout the point out. Residential assets-insurance policy procedures cover wind hurt, but not flood hurt.
