Disaster compensation definition

Disaster compensation means moneys received by an eligible resident as a result of damage caused to the eligible resident’s disaster-affected home by the natural disasters of 2008 from any of the following sources: (1) FEMA, (2) any other governmental assistance, or (3) proceeds of any insurance policy. “Disaster compensation” shall not include rental assistance received from FEMA or other sources.
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Examples of Disaster compensation in a sentence

  • Caisse Centrale de Réassurance will participate, throughout 2018, in industry discussions on the adaptation of the Natural Disaster compensation scheme serving the needs of insurers, the State and the market and will also work towards enhancing prevention measures.

  • The year was marked by exceptional loss experience with the occurrence of Hurricane Irma (the costliest event since inception of the Natural Disaster compensation scheme) and severe drought on mainland France (the second costliest drought since inception of the scheme).

  • Disaster preparedness (awareness) response, mitigation and rehabilitation.2. Disaster Risk Management.3. Training and awareness program Conducted.4. Disaster compensation management and coordination.1. Quick and effective response to disasters.2. Plan and SORs review and conducted (exercise drilling)3.

Related to Disaster compensation

  • Access Compensation is the compensation paid by one Party to the other Party for the origination/termination of intraLATA toll calls to/from its End User. Access compensation is in accordance with the LEC’s tariffed access rates.

  • Compensation means all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.