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Disaster Recovery Research Paper

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Week 3 Assignment
With any kind of disaster that happens in a community it can be affected both by economic and political impacts. With economic impacts from a disaster there is both direct and indirect losses. Direct losses could include property damage. With property damage you can measure by the cost to repair or replace but it depends to on whether it was insured or not, with insured property there is a record of the amount of deductible and reimbursed loss but with uninsured loss you might only just have an estimate but nothing is recorded. With indirect losses you can have losses from business interruption. Such as the community is in an earthquake prone area, on a fault, you have a minor earthquake and that business no damage happened but power is out. You cannot run the business without power. No power, no goods being produced. Or maybe other infrastructure goes down such as water, sewer, coms, transport or even water. What if also the workers are unable to work because taking care of their loved ones and rebuilding. All this can lead to the business having …show more content…
The FEMA (PA) Grant program is if there is a presidentially-declared disaster, FEMA can provide supplemental grant assistance for emergency and permanent repair, replacement or even restoration of damaged facilities. This program does require matching funds from local and state governments but is there for the worst events that could happen. (EPA) Then there is financial assists from victims themselves. This is just money they have such as savings or insurance as well as property that is undamaged. (Emergency Management) There is also donations from charities or local government, these are entities that donate money or other gifts and government also can provide assistance through tax deductions. (Emergency

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