Thecity of Nashville expects damage from flooding that began as aresult of more than 13 inches of rain to surpass the billion-dollarmark, despite the fact that assessments are still taking place.
|That is according to Nashville Mayor Karl Dean, who stated in arelease that the city "has identified [more than] $1.5 billion inproperty damage throughout Davidson County," since the CumberlandRiver crested at 51 feet, which is 11 feet over flood stage.
|That dollar figure does not include public buildings, or anybuilding contents. Currently, there are no estimates for damageinsured by the National Flood Insurance Program (NFIP).
|Additionally, Dean said that an initial assessment made on 83percent of the county showed that 1,952 residential properties havesustained damage. In order to get a more accurate scope of thedamage, Dean is asking property owners to report to the damage tothis section of thecity's web site.
|Yesterday, a fleet of at least 40 privately-contracted truckswere dispatched with 20 Public Works vehicles to begin countywidedisaster debris collections. The city also hired two Mobile, Ala.companies -- Storm Reconstruction Services, Inc., and The DRC Group-- which specialize in disaster recovery operations.
|According to the Insurance Information Institute, the state ofTennessee has 25,501 NFIP policies in force for a total of $4.9billion in liability limits.
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