As hurricane Ian pummels a densely populated Florida coastline, CoreLogic estimates that 7.2 million single- and multifamily residences with a combined total reconstruction value of $1.6 trillion are within the moderate and high flash flood risk bands, but that forecast will likely fall short of the storm’s total damage.
Because Hurricane Ian is slow moving, homes in high-risk areas will be subjected to strong wind fields and heavy precipitation for extended periods of time, inundating entire communities for several days after landfall.
“This forecast does not indicate every single home within these bands will flood, nor that any flooded home will sustain 100% damage up to its full reconstruction value,” said Jon Schneyer, senior catastrophe response manager at CoreLogic. “This estimate accounts for flash flooding only and excludes homes that are at risk to river and coastal flooding.”