Where We Are
Our progress continues.
I have countersigned 182 Participation Agreements since January 10. This means that foundations are now being replaced, and we have made commitments to replace many more in the future. With regard to foundation reimbursements, we are well into Year 3 of our pledged commitments. Outstanding construction contract value is now $25.5 million. We are currently carrying reserves for Type 1 claims of $80.3 million, of which $63.4 million represents 383 active Type 1 claimants.
We predict that we will be requesting another $20 million in funding by most probably the end of the first week in July 1.
The Legacy Claimant program ends on October 18, 2019. It will not be continued past that point. Those claimants who have submitted their Type 2 Legacy Claim applications, and where those applications have become active claims, will be reimbursed according to CFSIC’s guidelines. Those whose claims are in inactive status will forfeit their right to reimbursement unless they become active claimants before October 18. We encourage the Legacy Claimants whose advocacy resulted in the program being launched to actually come forward…before it is too late.
Home Inspector Training Program
CFSIC will conduct the first of two training courses aimed at certifying licensed home inspectors to provide foundation examinations and severity codings on June 11.
The training course runs to more than 300 pages of material and requires an 8-hour time commitment, including an examination at the end of the session. It is the most comprehensive training program on the science of foundation failure in existence. On or before June 13, we will post the names and contact information of home inspectors who have successfully completed the examination, on this website within the “For Homeowners” section. Once there, claimants will be able to:
– go up on the website and choose a home inspector credentialed by CFSIC to perform a foundation inspection and assign a CFSIC severity code to that foundation;
– use that home inspector’s written report as part of the CFSIC application process.
By way of reminder, the cost of a visual examination conducted by a CFSIC-credentialed home inspector is not reimbursable by CRCOG under the state program.
Creating and sponsoring the home inspector training program has been a joint effort of CFSIC and the Connecticut Association of Realtors, and has been designed to provide more rapid access to the information that homeowners need to assess the condition of their foundations.
If you have any questions about the operation of the program, ESIS is your best source of information on your claim, and their phone number and email are shown below.
As you work through the information and application process, here’s how you can get help:
– Call ESIS (the claim adjuster) at: 844-763-1207
– Email ESIS at: firstname.lastname@example.org
– Email CFSIC at: email@example.com
Michael Maglaras, Principal
Michael Maglaras & Company