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APPLICATION OF INSURANCE OFFSETS ON DISASTER LOANS FOR THE MIDWEST FLOODS OF 2008 Report Number 9-13 Date Issued July 6 2009 Prepared by the Office of Inspector General U*S* Small Business Administration To Steven Smith Chief Executive Office of Disaster Strategic Planning and Operations Memorandum Date July 6 2009 James E* Rivera Acting Associate Administrator Office of Disaster Assistance From Debra S* Ritt Assistant Inspector General for Auditing Subject Audit of the Application of...
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How to fill out application of insurance offsets

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How to fill out APPLICATION OF INSURANCE OFFSETS ON DISASTER LOANS FOR THE MIDWEST FLOODS OF 2008

01
Gather all necessary documents related to the disaster loans and insurance policies.
02
Obtain the APPLICATION OF INSURANCE OFFSETS ON DISASTER LOANS form from the appropriate agency.
03
Fill in your personal information, including name, address, and contact details accurately.
04
Provide details of the disaster loans taken during the Midwest floods of 2008.
05
Attach proof of insurance coverage and any claims submitted or received.
06
Detail the offsets you believe apply to your situation, referencing relevant sections of the policy.
07
Review the application for completeness and accuracy.
08
Submit the completed application to the designated agency or office by the specified deadline.

Who needs APPLICATION OF INSURANCE OFFSETS ON DISASTER LOANS FOR THE MIDWEST FLOODS OF 2008?

01
Individuals or businesses that have taken disaster loans due to the Midwest floods of 2008.
02
Policyholders who have received insurance payouts and need to apply the offsets to their disaster loans.
03
Residents affected by the floods seeking financial relief through the application process.
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The Application of Insurance Offsets on Disaster Loans for the Midwest Floods of 2008 refers to the process of adjusting disaster loan amounts based on insurance payouts received by individuals or businesses affected by the floods. The purpose is to ensure that disaster loans do not duplicate benefits provided by insurance.
Individuals and businesses that received disaster loans for damages caused by the Midwest floods of 2008 are required to file the application if they had insurance coverage that compensated for part of their losses.
To fill out the application, borrowers need to provide information regarding their insurance claims, including policy details, amounts received from insurance, and documentation proving these amounts. Additionally, they should include their disaster loan application number and any relevant personal or business details.
The purpose of this application is to assess and adjust the total disaster loan amount based on the insurance compensation received, ensuring that benefit duplication does not occur and that assistance is fairly distributed.
The information that must be reported includes details about the insurance policy, amounts paid out by the insurance, any claims filed, as well as personal or business identification details, and the disaster loan application number.
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disaster loans insurance offsets Midwest floods 2008 SBA audit duplicate benefits flood insurance government regulations Stafford Act disaster assistance audit findings

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