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FEMA Review of Sandy Claims: By the Numbers (Update)

FEMA Review of Sandy Claims: By the Numbers (Update)

According to FEMA’s website, as of June 30, 2016, within the Sandy Claims Review, 82 percent of requested claims reviews are through the process (15,907) and/or are ready for review with policyholders; 7,663 claims have been closed with claims paid totaling $77,179,695 to 5,646 policyholders, which averages out to an additional $13,669 per successful claim. To date, according to FEMA, 74 percent of closed claims received additional payment. The review process continues for 3,390 policyholders.

http://www.fema.gov/media-library-data/1467396469998-6fa2f7405ccda9381b6837ec9ab64ab3/FSNFIPTransformation07012016.pdf

About the Author: Christopher W. Gerold is an attorney in Chiesa, Shahinian & Giantomasi’s (“CSG”) Disaster Recovery Claims Group. For the past three years, Chris has been representing homeowners, condominium associations and businesses with their Sandy related insurance claims with a special focus on flood insurance. For more information on flood insurance and ways CSG can help you with your flood insurance claim, please contact Chris at (973) 530-2061.