BTr files PHP308.5M claim for school damage under NIIP

The Bureau of the Treasury (BTr) will file a claim under the National Indemnity Insurance Program (NIIP) for damage to 45 public schools in eight regions due to Super Typhoon Carina.

Launched on January 1, 2024, NIIP covers government assets against various natural disasters with an insured value of PHP843.11 billion for 132,862 school buildings nationwide.

Damage to public schools amounts to PHP308.5 million according to DepEd data.

The BTr is coordinating closely with the Department of Education (DepEd) and the Government Service Insurance System (GSIS) for insurance claim filing under NIIP.

Once a payout is confirmed, the DepEd may use the funds to rehabilitate the schools, the Treasury bureau said.

National Treasurer Sharon Almanza highlighted the commitment to financial resilience against disasters through the program's implementation.

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