For the fourth straight year, the
Share your experiences and discuss the latest news in the
With the 2019 hurricane season starting Saturday,
Some 7.3 million homes along the
"Damage from storm surge and inland flooding has proven to be far more destructive than wind in recent years, so we cannot rely on the hurricane category alone to give us a sense of the potential loss," said
Hurricane Irma ripped through
Forecasters from the
The rebuild estimate in the three counties for single-family homes has jumped by nearly
The price to rebuild the residences along the
"Though wind is generally thought of as the primary contributor of hurricane losses, this is not always the case," the report said. "Ocean water that is pushed inland ahead of the storm can destroy or severely damage structures and has the potential to leave billions of dollars of damage in its wake. The cost residents and insurers face in the aftermath of a storm can be devastating."
Analysts had previously estimated up to
The typical homeowners' insurance policy does not cover damage from flooding caused by storm surge or inland flooding. Losses from those perils are covered under the National Flood Insurance Program.
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