Insurance Payouts For Llano River Flooding In Texas May Hit $24 Million

  Tuesday, November 13th, 2018 Source: Austin American-Statesman

The insurance bill to repair homes and other structures damaged during the flooding of the Llano River and Highland Lakes last month is on track to hit nearly $24 million, according to federal statistics, a figure likely to grow as more claims come in. The price tag is only for insured structures, so it doesn’t include repairs that property owners without flood insurance are paying for themselves. Gov. Greg Abbott has asked that a number of Central Texas counties hit hard by the flooding be declared federal disaster areas -- which could provide federal money for some uninsured repairs -- but his request is still pending.

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