According to the latest CoreLogic Storm Surge Report, 6.8 million homes in the United State are at risk of hurricane storm damage, representing $1.5 trillion in reconstruction value. The 2016 report provides valuable insight into the number of homes at risk of storm surge by state and Core Based Statistical Area as well as the reconstruction cost value for all at-risk homes. It is important to remember that storm surge flooding is one of the primary causes of hurricane-related property damage along the Atlantic and Gulf coasts.
“Using more granular-level data has given us an even clearer picture of which homes are at risk of storm surge damage,” said Dr. Tom Jeffery, senior hazard risk scientist for CoreLogic. “Despite the overall increases in risk, we were glad to see that the number and value of homes in the most extreme, and dangerous, category actually declined. It just goes to show the power of how advanced data can improve risk assessment at the property level.”
