In this edition of Disaster Recovery Today we take an in-depth look at FEMA’s Obtain and Maintain requirements for property insurance coverage and their relationship to an applicant’s ability to receive Public Assistance funding.
This extensive piece discusses how lessons from hurricanes Katrina and Rita and the terrorist attacks of 9/11 provide the backdrop for the FEMA requirements.
Section 311 of the Stafford Act requires an applicant to purchase and maintain insurance — where that insurance is reasonably available — as a condition for receiving disaster assistance. FEMA Public Assistance Guide PA 322, pages 94-95. Continued on page 2
Responding to and recovering from a disaster are monumental tasks for you and your organization. Those tasks are not over if you have lost or suffered permanent damage to insurable property such as buildings, computers, heavy equipment and vehicles. If FEMA provided grant funds for the repair or replacement of facilities or items that are insurable, your organization is required to obtain and maintain (see above) insurance now and for the...