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Brechin homes Storm Babet wrecked would cost £17m to rebuild – so why did insurers pay out £3m?
['Graham Brown']
The Courier
Angus Council has accepted an insurance pay-out of just £3 million for almost 60 Brechin homes wrecked by Storm Babet which would cost £17m to rebuild.
The figure includes the former Brechin leisure centre which is earmarked for demolition.
£1 million council excess for flood damage to Brechin homesFinance chiefs have confirmed the council paid a £1m excess in respect of the claim.
“The settlement amount of circa £3m is based on a number of components arising from the damage caused by Storm Babet,” a spokesperson said.
“Therefore, for the substantial claim following Storm Babet, the council paid a maximum excess of £1m.