More than a year after a tornado struck, a North Carolina school system says it’s reached a $10 million settlement with its insurance company for damage to three schools.
The News & Record of Greensboro reports that officials with Guilford County schools said Thursday they reached the settlement with Travelers Insurance for damage to three elementary schools: Erwin Montessori, Hampton and Peeler Open.
The three have shared space with other schools since shortly after the tornado struck.
School officials said in a news release that they knew they wouldn’t get enough money to replace the schools, which weren’t in good shape before the tornado struck, and were pleased with the settlement.
The district said the cost to build a new elementary school in the state last year ranged from almost $14 million to almost $30 million, depending on size.
Topics Catastrophe Carriers Natural Disasters Claims Windstorm North Carolina
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