Texas Mutual To Provide Grant To Policyholders Affected By Tropical Storm Imelda

Texas Mutual Insurance Company is offering a grant of $5 million for its policyholders that were affected by Tropical Storm Imelda.

A release said that the grant — meant to aid business operations throughout the Gulf Coast region in their recovery — was unanimously approved by the company’s board of directors.

Applications for the grant will open October 07 for Texas Mutual policyholders in the 13 counties named in the disaster proclamations issued by Texas Governor Greg Abbott.

Policyholders applying for the grant must have sustained considerable business damage resulting from Tropical Storm Imelda.

They will also have to specify how the funds will be used; funds may be used for payroll, building rehab or repair, machinery and equipment repair or purchase, replacement of lost inventory, and other expenses related to rebuilding.