Disaster recovery can be a long and expensive process. Are you prepared for the financial impact of a disaster?
One of the most stressful situations in the wake of a disastrous event is trying to figure out how to get the necessary funding to help in the recovery efforts. Given that the cost of earthquake insurance is very high, it is important to know how and where to get the financial help needed. Emergency funding from FEMA will likely be that primary source of funding for public and private non-profit facilities. FEMA grants are also issued on a first come, first serve basis, meaning most applicants will be competing for available funding.
EUR has been successfully managing FEMA and CalEMA claims for over 20 years. We understand their needs and desires and can assist in getting the funding needed to reestablish operations as quickly as possible by helping navigate our clients through the process and managing their financial recovery needs. Our team will develop templates for applications that will allow first access to the available funding, while offering the best chance of keeping the funding after FEMA and CalEMA performs close-out audits. To maximize future funding and reduce FEMA dis-allowances, EUR will review your organization’s current Codes & Standards (if applicable and available). Also, to help expedite FEMA reimbursements our team will develop facilities and infrastructure (replacement value) cost models and forms conducive to elaborating the cost basis for FEMA.
FEMA issues funds as reimbursements and, in most cases, only funds between 75-90% of the cost of a disaster recovery. EUR will help seek out available funding sources to temporarily finance the recovery effort (until FEMA reimburses for all eligible expenditures) and provide the remaining 10-25% of the overall cost.