Nearly 900,000 homes across 13 states in the western United States are at “very high” or “high” risk for wildfires, according to a new CoreLogic report. And the price to reconstruct those homes? More than $237 billion.
This value represents a considerable increase from the analytics and data provider's 2013 report, which priced reconstruction costs for the at-risk homes at $189 billion.
The 2015 Wildfire Hazard Risk paper analyzes homes at risk for wildfire damage in 13 western U.S. states and assigns risk levels of “very high,” “high,” “moderate” and “low” to each property. Two additional categories, “urban” and “agriculture” designate homes of even lower risk, where a dense concentration of buildings or irrigated land are unlikely to enhance wildfires. Residences include single-family structures, mobile homes, duplexes, manufactured homes and other non-traditional dwellings.
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