View this article online: https://www.claimsjournal.com/news/southeast/2019/06/05/291287.htm
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 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.
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.