For a lot of homeowners, summer means more than vacations -- it also means staying vigilant during hurricane season. A problem most associated with Southern states hugging the Gulf Coast, like Florida and Texas, hurricanes also pose a serious threat to the Northeast. Property data and analytics firm Cotality found that while Florida and Texas have the highest amount of homes with moderate or greater risk of hurricane wind damage, the damage in the Northeast can be more devastating. "While hurricanes hit the Northeast less frequently than the Gulf Coast, the region's immense population density and property value mean the stakes are incredibly high," Cotality vice president of insurance market insights Maiclaire Bolton-Smith said in a release. "It's critical that homeowners in the Northeast understand that while landfalling hurricanes may not be as frequent as other states, the risk is still real." As for metropolitan areas, New York City ranks ahead of any Florida city, with a reconstruction cost value of more than $1.9 billion. The metro also has the most homes with a moderate or greater risk of hurricane wind damage. In total, more than 32.2 million homes across the United States are at moderate or greater risk from hurricane winds alone, accounting for over $12.26 trillion in reconstruction cost value, according to Cotality. Below, see the states where homeowners are at the highest risk of hurricane damage. Median home price data is from Redfin.
The top 15 states at risk of hurricane damage include some surprises
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share





