More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge floods, according to a new CoreLogic report. And should disaster strike, the price to reconstruct those homes will cost nearly $1.5 trillion.
Regionally, the Atlantic Coast has more than 3.8 million homes at risk of storm surge in 2015, with a reconstruction cost value of $939 billion, and the Gulf Coast has just under 2.8 million homes at risk, priced at $549 billion.
These numbers are similar to the analytics provider’s 2014 report, which totaled 6.5 million homes priced at $1.496 billion.
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