Hurricane Ian, which was a Category 4 cyclone when it made landfall on the U.S. left a huge swath of destruction in its wake.

The infrastructure so badly damaged some areas, search crews were forced to use drones to survey destroyed homes, cars, boats, and bridges.

Insurance and property analysis companies have upped their damage estimates since the early days of recovery.

Preliminary property damage estimates for Ian so far range from $42 billion to as much as $258 billion, with some landing in the middle.

If the higher end of the estimates proves more accurate, that alone would make Ian the costliest natural disaster in U.S. history.

CoreLogic stated in a press release that insured and uninsured losses due to wind and flood damage could be as high as $70 billion dollars from Ian.

Other sources total the property loss estimated around $50 billion – Insurance Information Institute

Flood loss to FEMA-sponsored National Flood Insurance Program (NFIP) and privately insured customers estimated to be $8 to $18 billion — CoreLogic

Uninsured flood loss estimated to be $10 to $17 billion – CoreLogic

Wind losses estimated to be $23 to $35 billion – CoreLogic

Litigation cost estimated to be $10 to $20 billion – Insurance Information Institute

These initial estimates often omit damaged infrastructure, such as roads, bridges and utilities & the cost of business interruption – the decrease in economic activity measured either in terms of lost revenue or a combination of lost wages and profits.

With such high tallies, hundreds of thousands of residents will likely be in the same boat – trying t However, property damage is only one aspect of disaster costs.

If you are a victim off Hurricane Ian and your home or business sustained hurricane damage, contact The Florida Property Damage Attorneys at Consumer Law Office (CLO). Our law office will file your damage claim and will be by your side at the start of your claim until you get the money you need from your insurance company to fix or rebuild your home or business.

CALL TODAY attorney MORDECHAI BREIER, Founder of CLO, for a free consultation.

Mordechai is on your side and will bring you peace of mind during this challenging time and will aggressively push your insurance company to ensure that you receive the maximum amount available under your insurance policy. 

305-940-0924   Visit https://consumerlawoffice.com/

 

We only get paid when you get paid by your insurance company.