CoreLogic: More R.I. homes at risk of storm surges

CORELOGIC SAID Rhode Island has more than 26,000 homes at risk for storm surge damage. / COURTESY CORELOGIC
CORELOGIC SAID Rhode Island has more than 26,000 homes at risk for storm surge damage. / COURTESY CORELOGIC

PROVIDENCE – Rhode Island has 26,593 homes at risk from hurricane storm surge damage this year, 100 more than last year, ranking it 17th, or fourth lowest, on a list of states along the Atlantic and Gulf coastlines, according to CoreLogic’s 2016 Storm Surge report released Wednesday.

The cost to reconstruct all 26,593 homes in Rhode Island was pegged at $7.7 billion, CoreLogic said.

Of the Ocean State’s more than 26,000 homes at risk, 1,869 fall into the extreme category, meaning they would be affected by all hurricane levels, while another 6,182 are considered very high risk and would be affected by a category two to five storm, an additional 9,138 are high risk and would be affected by a category three to five storm and 9,404 are moderate risk and would be affected by a category four to five storm.

In the Providence-Warwick-Fall River metropolitan area, 36,544 homes valued at $10.6 billion are within the storm surge risk zone this year, CoreLogic said. Of that number, 2,916 fall into the extreme risk category. Rebuilding the Providence metro homes in the extreme risk zone would cost approximately $827 million. More homes were at risk in the Providence metro last year, when more than 41,000 were indentified.
CoreLogic said more than 6.8 million homes on the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surges with a total reconstruction cost valued at more than $1.5 trillion.
CoreLogic said the 2016 analysis showed an increase from 2015 in the overall number of homes at risk of storm surge as well as an increase in the reconstruction value of these homes. However, the analysis showed a decrease in the extreme category, both for the number and value of homes at risk, CoreLogic said.
The analysis included 19 states and the District of Columbia. Florida ranked highest for the most homes at risk at 2.7 million and also had the highest reconstruction cost at $535.7 billion. The District of Columbia had the fewest homes at risk with 768 and the lowest reconstruction costs at $116 million.

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New Hampshire and Maine had the second- and third-lowest homes at risk and reconstruction costs at 9,518 homes and $2.4 billion and 18,351 homes and $4.7 billion, respectively.

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