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Businesses in Ellicott City, Md. Struggle to Rebuild

Businesses in historic Ellicott City, Md., will again rely on a mix of insurance, disaster aid, loans, and community support.
Businesses in Ellicott City, Md. Struggle to Rebuild
June 5, 2018

Businesses in historic Ellicott City, Md., will again rely on a mix of insurance, disaster aid, loans, and community support if they choose to reopen following a major flood, the second in less than two years. The Maryland Insurance Administration is working to help people in the state deal with insurance claims, said Maryland Insurance Commissioner Al Redmer, Jr., at an event at a high school featuring county, state, and federal officials attended by about 200 people.

The administration reported that it assisted 57 people in the state with flood-related claims in 2016, including 42 in Howard County, resulting in a total of nearly $882,000 in payouts. Only five had flood insurance. Others had claims through homeowners, auto, or other insurance policies. Seeing so many people lacking proper insurance then and now, Redmer urged home and business owners “to contact their agents or brokers and make informed decisions about what kind of coverage they should have.”

 

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