Requirement to Obtain and Maintain Insurance (1 of 2)

Applicants that receive Public Assistance funding for Permanent Work to replace, repair, reconstruct, or construct a facility must obtain and maintain insurance to protect the facility against future loss. This requirement applies to insurable facilities or property (buildings, contents, equipment, and vehicles). FP 206-086-1, Public Assistance Policy on Insurance, describes these requirements in detail.

The Applicant must insure facilities with the types and extent of insurance reasonably available, adequate, and necessary to protect against future loss to the property. The type of insurance refers to the hazard(s) that caused the damage and extent refers to the amount of insurance required, which is calculated based on the eligible costs prior to any reductions (including the non-Federal share reduction).

Select this link to access the

FEMA FP 206-086-1 Public Assistance Policy on Insurance

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