Nearly 7.8M homes at risk of hurricane damages: report
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Nearly 7.8 million homes with more than $2.3 trillion in combined reconstruction cost value (RCV) are at risk of hurricane-related damages during this Atlantic season, CoreLogic's 2022 Hurricane Report says.
In evaluating the storm surge and hurricane wind risk levels for both single-family and multifamily residences along the Gulf and Atlantic Coasts this season, the corporation said that 33 million homes with nearly $10.5 trillion in combined RCV are at risk of wind and flooding-related destruction.
More than 31 million single-family homes were at moderate or greater risk and over 7.5 million of the homes had direct or indirect coastal exposures and subsequent risk from coastal storm surge and damage from hurricanes.
At the metropolitan level, New York City has the greatest risk, with nearly 900,000 homes with more than $432 billion in RCV at risk of storm surge damage and more than four million homes with more than $2.2 trillion in RCV at risk of wind damage.
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