Alabama City Faces Equipment Replacement Costs After Tornado
Officials in Tuscaloosa, Alabama say it will cost about $1.3 million to replace 47 vehicles and other pieces of equipment that were destroyed or damaged in the April 27 tornado.
They say city taxpayers will be responsible for about $760,000, with the Federal Emergency Management Agency and insurance covering the rest.
The City Council’s Finance Committee approved a $750,935 expenditure to help meet the expenses.
The vehicles and equipment involved are critical to a department’s operations or necessary to restore a department to its level before the storm, according to officials.
FEMA is covering 75 percent of replacement costs if a piece of equipment or vehicle is not insured for replacement.
If the city has replacement insurance, FEMA is paying 75 percent of the $1,000 deductible for each item.
- CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Travelers Reports Solid Underwriting, Record Investment Income for Q3