Disaster Recovery Moving at Expedited Pace for Missouri Communities as 1-Year Anniversary of Historic 2017 Flooding Approaches
Pace of approval of local recovery projects is 3 times faster than for
Beginning on
As the one-year anniversary of the disaster approaches, local recovery projects have been approved at three times the pace of
"Cutting down on the time government takes to process paperwork means
* As a result of the 2017 flooding, about 225 different local governments and non-profit agencies filed for federal assistance with
* The total cost of these projects is now estimated at
* The federal share of these recovery projects is expected to surpass
* The state of
* Through
"
The Governor and Director Juden emphasized the importance of homeowners, renters and businesses insuring their homes against flooding, since standard homeowner and renter policies do not include flood insurance.
The latest figures from the National Flood Insurance Program (NFIP) show that as a result of the 2017 flooding, 1,189 NFIP policy holders have received total payments of more than
Here are some of the reasons Missourians are urged to consider investing in flood insurance:
*
* 26 percent of NFIP claims filed were NOT in a Special
* Homeowners are 85 percent more likely to use a flood insurance policy during the span of a 30-year mortgage rather than a homeowner's policy.
* If you live in an area with a high risk of flooding, you have a 25 percent chance of your home being flooded over a 30-year mortgage.
BakerHostetler Adds Tax and Wealth Planning Partner in Orlando
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