MASSAPEQUA - Many residents impacted by Hurricane Sandy say they can't start rebuilding their lives until their insurance companies pay out for their claims.

According to Gov. Andrew Cuomo, insurance companies have approved almost 7,000 checks worth around $200 million. However, these funds have been stalled in banks due to financial red tape.

Homeowners across Long Island say they eagerly want to begin reconstruction on their properties, but feel hamstrung by the lack of funding. 

The Cuomo administration says the state Department of Financial Services (DFS) has sent out a letter to the banks that highlights ways to speed up the process. 

In the meantime, a DFS mobile unit will be in Far Rockaway on Thursday to help answer residents' questions about insurance payments.