Building stabilization and widespread reconstruction are the two priorities for Interstate Restoration as the Texas company prepares to begin helping people and businesses recover from Hurricane Harvey.
Based on Category 3 conditions, 232,721 homes along the Texas coast with a reconstruction cost value (RCV) of approximately $39.6 billion are at potential risk of hurricane-driven storm surge damage from Hurricane Harvey.
As Hurricane Matthew was barreling into the east coast in October 2016, all restoration contractors were watching the weather channel and tracking the storm on radar.
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).
In late January, CoreLogic released its annual Natural Hazard Risk Summary and Analysis. According to their research, 2016 had “average or below-average activity for most U.S. natural hazards with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew.”
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.