According to Irvine, Ca-based Core Logic, an estimated 8,456,455 residential and commercial properties in Florida are at either “Extreme,” “Very High” or “High” risk of wind damage from Hurricane Irma. CoreLogic storm surge analysis shows that an estimated 3,494,735 residential and commercial properties in Florida are at risk of hurricane-driven storm surge damage. Neither analysis includes potential damage from inland flooding.
Some analysts have said the potential combined financial loss of Florida property damage from Hurricane Irma could top $125 billion dollars when all said and done.
Table 1 shows the estimated number of residential and commercial properties at risk of wind damage for both Florida and selects Core Based Statistical Areas (CBSAs). Table 2 shows the estimated number of residential and commercial properties at risk of storm surge damage from Hurricane Irma for the state and the same CBSAs.
Storm surge occurs when water is pushed toward the shore through the force of powerful winds associated with cyclonic storms. High winds and low pressure created by a storm cause water to accumulate at its center, and as it moves across the ocean, the strong winds inside the hurricane act as a plow, causing water to pile up along the front of the storm.
Courtesy of worldpropertyjournal.com and credited to Michael Gerrity
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