Real estate analytics company RealtyTrac recently announced the results of its 2015 U.S. Natural Disaster Housing Risk Report, which could affect the way homeowners think of their properties' risk levels. Based on data from 2,318 counties across the country, the report grouped homes by their risk level, on a scale from "very low" to "very high."
Of the homes surveyed, more than 12.7 million (15 percent) fell into the "Very High" category, with more than 23 million (28 percent) landing in "High," the largest section. Many of the homes at extreme risk were based in the southeast and western United States, with the Florida Coast and Northern California hosting a particularly large number of these properties.
In addition to the overall ranking, the report also lists the number of homes at risk for specific types of disasters. Only seven percent of homes were at very high risk for wildfire damage, while twice as many were at the same level of risk for hurricanes.
Keyes Company CEO Mike Pappas argues against the notion that homeowners in Florida are endangered by storms, citing existing policies as helpful in a press release from RealtyTrac.
"The allure of South Florida's sun and surf, for most, outweigh any concern of a hurricane threat," he said. "The improved communication, continual education and enhanced predictability all give comfort to our coastal residents. History has shown that we are not only able to survive but in fact thrive with insurance and property improvements after a storm hits."
Having a partnership with a claims services vendor that offers a wide range of services is essential to delivering a high quality claims experience for policyholders. BrightClaim can assist with any aspect of the claims adjustment process in high risk areas.