Total Reconstruction Cost Value for All Homes is More Than $1.5 Trillion
June 12, 2017
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its 2017 Storm Surge Report which shows that nearly 6.9 million homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.5 trillion (Table 1).
Sometimes you chase, and sometimes the storm comes to you.
April 10, 2017
When Hurricane Matthew was plotting its course toward the U.S. in the fall of 2016, I reached out to several restorers to see what their response plans were, and debated heading to a heavily affected area to document and witness the cleanup and restoration efforts myself.
As I prepare to write this article about handling contents during a CAT loss flood situation, I am watching the State of California experience some of the worst flooding in its history. Entire neighborhoods have been evacuated and homes have been swallowed by over flowing rivers and spillways.
The employees will have to be self-sufficient, carrying their own water and food (MREs, or meals ready-to-eat). Their vehicles will carry spare fuel, and they will carry two-way, satellite-based radios for communication.