An estimated 668,052 single-family and multifamily homes along the east coast of Florida with a reconstruction cost value (RCV) of approximately $144.6 billion are at potential risk of storm surge damage from Hurricane Dorian based on its projected Category 3 status at landfall, CoreLogic® (NYSE: CLGX) reported late Thursday.
The estimates are based on the Thursday, August 29 National Hurricane Center 5:00 p.m. EDT forecast. The National Weather Service has since upgraded the storm to an estimated Category 4 at landfall.
The CoreLogic natural hazard risk information center, Hazard HQ™, can be found at at www.hazardhq.com.
The table indicates the total number of homes with exposure to storm surge damage given the current path of the storm, and the RCV figures assume 100% destruction of all at-risk homes – and represents the worst case scenario.
Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore. For a complete view of total storm surge risk for all Atlantic and Gulf Coast states' metropolitan areas, download the 2019 CoreLogic Storm Surge Report.
