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Across the hardest hit – North Carolina, South Carolina and Virginia – the cost to rebuild is staggering. Here's a look at the devastation's price tag:
Tea top-end estimate of property damage Moody's Analytics. Moody's Analytics.
"Many of the areas that experience flooding in the aftermath of Hurricane Matthew are enduring similar tribulations to this fall, but the footprint appears to be significantly larger following Florence, stretching about 200 miles west from the North Carolina coast and spanning 150 miles from north to south. , extending into South Carolina, "Ryan Ryan and Adam Kamins wrote reviews, comparing Florence with the 2016 storm.
$ 28.5 billion
Again, North Carolina is thought to be most affected, with $ 22 billion in losses, followed by South Carolina with $ 5.5 billion and about $ 1 billion in Virginia.
$ 18.5 billion
As in Katrina, most homes and businesses have been devastated by Florence's floodwaters. These homes account for more than two-thirds of the total estimated uninsured flood loss, CoreLogic's estimate shows.
Most private insurance policies do not protect against damage caused by storm surge, rain or overflowing rivers. For that, the National Flood Insurance Program, known as NFIP and FEMA, provides coverage; in fact, it is required for federally backed mortgages in areas judged to be at risk of flooding.
"The flood zone delineations are just wrong," Chuck Watson, an analyst with the Enki Research disaster research group, told CNN as Florence churned toward shore. "But communities do not like expanding flood zones, because it makes development more expensive and difficult." So the flood zones really do not reflect the risk.
"Losses (in Florence) will be exacerbated by a lack of flood insurance," the Moody's analysts wrote, blaming "outdated flood maps that have allowed many homeowners to remain uninsured despite the risk."
Property owners also sometimes have their flood insurance because they do not have a mortgage or their lender does not check.
$ 5 billion
That's the end of what the NFIP is supposed to pay for federally insured losses to residential and commercial property, according to CoreLogic. In all, about 445,000 properties across the three states are covered by the government-backed policies.
The problem still exists, and it boils down to this: NFIP premiums. Goal Congress is loath to raise rates and live in flood zones. So, the price of precariously low.
$ 1.5 trillion
CNN's Chris Isidore contributed to this report.
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