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Storm insurance

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I'm surprised that this happened, but it is pretty interesting.

Congressman Steve Israel (D-Huntington), in his capacity as a member of the House Financial Services Committee, has announced that the US Small Business Administration is making low interest loans available to Long Islanders affected by last October's storms. The storms resulted in more than two feet of rain and caused $22 million in damages.

"Long Islanders who sustained damages from last October's storms need to know that low-interest loans are available," Israel said. "That's why I'm encouraging my constituents affected by the storms to check out my congressional web site (http://www.house.gov/israel) if they need additional information."

SBA offers loans of up to $40,000 for renters and homeowners to repair or replace disaster damaged personal property such as furniture and clothing. Homeowners are eligible for loans of up to $200,000 to repair disaster damaged primary residences. Loans to businesses of all sizes as well as non-profit organizations are available of up to $1.5 million to repair damage to real estate, machinery, equipment and inventory. Small businesses unable to meet operating expenses due to storm damage may apply for Economic Injury Disaster Loans.

I didn't realize the Autumn storms could get bad enough to warrant insurance. Perhaps they should offer heat relief to the South as well!

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