Recovery and rebuilding efforts in the Territory were hampered by low levels of insurance coverage.
The Government itself had a policy of "self-insurance", and other than the Central Administration Complex, virtually none of its buildings or vehicles were insured.

Private homeowners also have relatively low levels of hurricane insurance.
In previous natural disasters the Government has provided emergency assistance to residents, providing funding for repairs to homes that are uninsured.
This created a moral hazard in that only uninsured homes were eligible for Government assistance, and incentivised lower income property owners to be underinsured or completely uninsured.

To assist insured homeowners, the Government formed a temporary dedicated Insurance Tribunal to hear and determine insurance claims.
Recovery and rebuilding efforts in the Territory were hampered by low levels of insurance coverage. The Government itself had a policy of "self-insurance", and other than the Central Administration Complex, virtually none of its buildings or vehicles were insured.
Private homeowners also have relatively low levels of hurricane insurance. In previous natural disasters the Government has provided emergency assistance to residents, providing funding for repairs to homes that are uninsured. This created a moral hazard in that only uninsured homes were eligible for Government assistance, and incentivised lower income property owners to be underinsured or completely uninsured.
To assist insured homeowners, the Government formed a temporary dedicated Insurance Tribunal to hear and determine insurance claims.
Effects of Hurricane Irma in the British Virgin Islands