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If an Applicants insurer is insolvent and is unable to make a full settlement of claims, will the Applicants eligible damage still be funded by FEMA?

April 26, 2017applicant damage eligible insolvent insurer

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If an Applicants insurer is insolvent and is unable to make a full settlement of claims, will the Applicants eligible damage still be funded by FEMA?

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Yes. FEMA will fund all eligible costs minus actual or anticipated insurance recoveries. You are expected to take appropriate measures to recover payments owed by the insurer. If the insurer is determined to be legally insolvent, FEMA will consider this when determining PA funding.