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When
the wildfires destroyed my residence, I lost almost all of my
personal possessions. Can anyone help me get replacement clothes
and necessities? What about replacing my television, VCR, computer,
etc.?
Yes,
you should be able to replace personal property that was destroyed
with insurance proceeds and/or grants or loans from several federal
or state programs.
First,
if you have homeowner’s insurance or renter’s insurance,
the policies typically include provisions for the replacement
of personal property, subject to various conditions and policy
limitations. Additionally, if you were renting your primary residence,
check to see if your landlord named you as an additional insured;
if he or she did, you may be covered under the landlord’s
policy.
Second,
the SBA may provide a Personal Property Loan in an amount up to
$40,000. That loan can be used to repair or replace personal property
such as clothes, furniture, automobiles, consumer electronics,
etc. However, the SBA loan cannot be used to replace luxury or
extraordinarily expensive items, such as personal pleasure boats,
airplanes, RVs, fur coats, etc. Further, property such as antiques
or collections of rare goods that may have market values in excess
of their functional value only are covered for the amount of their
functional value. (For example, reimbursement for a collection
of 4 rare quarters would be $1.00, not the price for which one
might sell them at a coin show.) Click here
for more information about SBA’s processes and procedures,
including relevant deadlines.
Third,
to the extent that your personal property losses exceed the amount
of your insurance coverage and/or SBA loans, and assuming other
conditions are met, FEMA sometimes will provide disaster victims
with assistance in replacing furniture lost when their primary
residence was destroyed. If you need such assistance, you will
need to specifically request assistance for furniture costs and
show that you have need. Click here for
more information about FEMA’s processes and procedures.
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