Sevier County, Tenn., authorities estimate the loss in a wildfire earlier this month at about $12 million.
The Mountain Press reported the figure includes only the value of the cabins destroyed or damaged in the March 17 fire at Black Bear Ridge Resort and not damage to the property.
County Emergency Management Agency Director John Matthews said authorities have revised downward the number of cabins affected by the fire, reducing it from 81 to 73. Matthews said it was discovered that some concrete pads had not yet been built upon.
The dollar figure is based upon property values on file at the county assessor’s office.
It appears only one person lost a permanent home.
There were no deaths and only minor injuries to a few firefighters.
Was this article valuable?
Here are more articles you may enjoy.
Adjusters: Why the Indemnification Clause Should Stay Top of Mind
Tesla Starts Production of Cybercab Robotaxi, Musk Says
AI for the Defense: Should Insurers or Law Firms Pay?
US Weighs Tougher Auto Import Rules to Accelerate Reshoring