Louisiana officials are looking to insurers to help them bring Louisiana residents displaced by Hurricane Katrina back to their homes.
The program, known as the Road Home, is designed to lure residents back to Louisiana by compensating those eligible up to $150,000 for their hurricane related losses. Any insurance payments made to these homeowners, however, would be subtracted from the $150,000, with the exception of contents coverage.
The payment reduction is in accordance with federal regulations, as the program is funded by the federal Department of Housing and Urban Development.
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