Disaster Recovery Today’s fifth issue, "Develop a Rebuilding Plan," focuses on disaster recovery options to ensure adequate funding for the restoration of damaged facilities. This issue outlines the fifth of a nine-step process, identified by Adjusters International to help recover from a declared disaster by implementing well thought out disaster recovery management strategies.
Once an applicant, the state, and FEMA have determined which recovery costs are eligible, the next step is to prioritize projects to provide the most benefit to the applicant, and to determine what steps can be taken to minimize similar damages in a future event.
With respect to your disaster recovery options for funding as an applicant: you can replace the original facility, improve upon it, or direct the money toward another project. It all starts with a baseline valuation of the facility’s damages. As we discussed in Issue 2 (“Loss Measurement”) of Disaster Recovery Today, the foundation of any valuation or measurement in scope is based on two key valuation criteria: “as it was” and “as it has to be”.
Disaster recovery and business continuity refers to an organization’s ability to recover from a disaster and/or unexpected event and resume or continue operations. Organizations should have a plan in place (usually referred to as a "Disaster Recovery Plan", or "Business Continuity Plan") that outlines how this will be accomplished. The key to successful disaster recovery is to have a plan (emergency plan, disaster recovery plan, continuity plan) well before disaster ever strikes. Wikipedia
During the recovery process an applicant has numerous opportunities to improve on their financial recovery. Without close coordination with the state and FEMA, however, many of these opportunities can be lost. As discussed in the first issue of Disaster Recovery Today, it is important not only for applicants to control the inspection environment, but to also be part of all discussions and management decisions regarding grant development. A well-planned disaster recovery management plan can help ensure that you obtain a successful recovery from FEMA.
The details of the various disaster recovery options discussed in this issue will help you to understand the impact of good disaster recovery management.
Adjusting Today is provided free of charge as a public service by Adjusters International, Inc., disaster recovery consultants. It is provided for general information and is not intended to replace professional insurance, legal and/or financial advice for specific cases.
Experience, professionalism, and a deep-seated commitment to customer service are the hallmarks of our industry leadership. Adjusters International boasts more senior and certified public adjusting professionals than any other organization of its kind. Our FEMA recovery team is staffed by top-notch specialists with proven, on-the-ground expertise, whose sights are focused on making sure clients receive every dollar of funding for which they are eligible. Together, the Adjusters International team represents some of the best and most experienced minds in their fields.