Just How Expensive Is The Damage From Hurricane Matthew?
Estimates right now range from $4 billion to 6 billion in property damage — and that's conservative.By Lindsey Pulse | October 9, 2016
At least $4 billion — that's how much researchers say Hurricane Matthew has caused in property damage on the East Coast. And that's a conservative estimate.
CoreLogic released data Saturday estimating the cost of wind and storm damage from Matthew on insured homes and commercial buildings. At best, the cost will be $4-$6 billion.
But those estimates don't include additional water damage or even business interruptions that will likely take place in the coming weeks.