National Mortgage News

Hurricane Ida’s damage to Southeast homes could total as much as $21B

The price tag for Hurricane Ida's property damage in Louisiana could be in the tens of billions of dollars, but the good news is much of it is likely insurable, according to CoreLogic.

Initial estimates project residential properties in the area and surrounding states could reach between $9 billion and $13 billion for wind damage, plus an additional $5 billion to $8 billion from flooding. Of that total, insurance is estimated to cover between $5.5 billion and $8.5 billion for wind and $2.5 billion and $3.5 billion stemming from flooding.

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