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Did I Miss This?

September 25, 2015

Belmar received $4 MILLION from JIF! (Joint Insurance Fund)

Found on the web:

(Click on the image to read the document.)

Screen Shot 2016-01-05 at 8.24.05 AM


  1. Voter wrote:

    MEL-JIF confirms Belmar has already received funds totaling $4,029,021 million the question is what did Belmar claim and what did they use the funds to pay. According to the letter from JIF Director David Grubb, Belmar and all other municipalities that are part of the fund, after receiving their portion of approximately 70% of claims submitted, will receive the remaining amount from FEMA for a total of 97% reimbursement. For Belmar that amounts to $5,562,442 million. This information was available during the BUF trial to determine funding for the pavilions but never mentioned. The question of other insurance funding was asked by Judge Gummer. Looks like we had quite a bit of money that has not been revealed by the administration. The biggest issue is duplication of benefits. If the claims submitted to MEL-JIF include claims for the pavilions the obligation from FEMA for the pavilions will be reduced by that amount. For those that do not understand what these funds are they are a municipal excess policy that can cover many, many things. Similar to an umbrella policy. One benefit of this policy covered “free standing buildings” so likely there was a claim submitted for the pavilions as well as other claims for additional damage from Sandy. As an example if a claim was submitted for the damaged boardwalk or debris removal, funds from FEMA already received will be taken back. FEMA will make sure there is no duplication of funding. We have no money left or reserved, to build the pavilions. We will use every bit of the 4.2 million bond and have no reimbursement or a negligible amount at best. Taxpayers will pay. Also why is Belmar the second highest paid out of this fund. Really we must be very special because many other of the towns I see were more significantly damaged.

    Tuesday, January 5, 2016 at 10:24 am | Permalink
  2. Voter wrote:

    An important clarification there are no guideline about how JIF reimbursements can be used. Similar to an auto accident if there is no lien your car, and you get paid for damages from an insurance company you do not need to fix your car with the money. Unlike FEMA which will not pay any benefit until the loss is “restored”, FEMA also inspects and conducts integrity evaluations to make sure everything is done correctly. The JIF money can be spent on anything, like palm trees, or anything else Matt wants to use it to pay. He just doesn’t ask or tell us.

    Tuesday, January 5, 2016 at 10:38 am | Permalink
  3. Fools wrote:

    Well i know for a fact the the supervisors used to split the JIF check. I am sure it was never this big but nothing suprises me in belmar.

    Tuesday, January 5, 2016 at 4:59 pm | Permalink

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