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Home insurance claims reach $90 million in Massachusetts after tornadoPosted On Mon, June 13, 2011
After a rare tornado tore through a portion of Massachusetts a couple of weeks ago, policyholders are asking their insurers for approximately $90 million in home insurance claims, according to estimates from state officials.
At a press conference, Barbara Anthony, undersecretary for the Office of Consumer Affairs and Business Regulation, said the tally is expected to rise.
"We do expect that to increase," said Anthony. "We haven't heard yet from any homeowners who are not getting the value they want for their claims."
Meanwhile, officials are computing numbers to see if the state can apply for federal relief. According to the Massachusetts Emergency Management Agency, the amount of damage to public infrastructure must reach $8.3 million before a state can apply for funding from the government.
The cost of home insurance claims cannot be included in a disaster relief request, as public utilities are not covered by private insurers. It's not known when state officials will have an estimate or if the request will be granted, as numerous states have applied for aid.
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