RICHMOND, Va. -- The initial projection of insurance coverage on William Fox Elementary School that was announced by Richmond Schools Superintendent, Jason Kamras, is significantly lower than the actual amount of money the district could receive, according to school board member Jonathan Young.
Kamras confirmed Young's statement and added that it is "excellent news" during a community meeting with Fox parents Tuesday.
Young told CBS 6 that Richmond Public Schools will receive several million more from the insurance company than previously estimated, enough to potentially cover the full cost to rebuild Fox Elementary after it was destroyed in a fire.
Kamras initially said Fox Elementary was insured for up to $13 million dollars and the contents inside were insured for $4 million.
It's unclear what the updated projection is, but Young said it's significantly higher.
Insurance will determine whether the building's brick facade can be saved or if it would have to be demolished, requiring the school to possibly be rebuilt from scratch.
Kamras also answered several other questions from parents Tuesday. In responding to those concerns, he said there have been no official decisions on where Fox students will be learning in-person. He also said he doesn't know how long virtual learning will last. School leaders initially estimated it would be up to three weeks.
The superintendent said he spoke with the Richmond Fire Chief Tuesday morning who said there would not be a tarp covering Fox Elementary School due to the ongoing investigation. Kamras added he doesn't know when the fire investigation might be complete.
This is a developing story, so anyone with more information can email newstips@wtvr.com to send a tip.
