(Bloomberg) -- More than 230,000 homes on the Texas coast, witha combined reconstruction value of about $39.6 billion, are at riskof damage from storm surge if Hurricane Harvey strikes at Category 3intensity, according to analytics companyCoreLogic Inc.
|The Houston area has the biggest number of houses at risk, thereal estate data firm said Thursday in a statement. The hurricanewould be the first to hit Texas since 2008, when Ike caused about$29.5 billion in damage, according to a 2009 National HurricaneCenter report.
|Related: Hurricane Harvey barrels in: How homeowners canprotect their property
|Vehicles also vulnerable
Cars are also vulnerable, given the risk of flooding.
And unlike in the movie “Risky Business,” when a Porschesurvived a bath in Lake Michigan, “That doesn’t actually happen inreal life,” David Havens, a debt analyst with Imperial Capital whocovers insurers, said in a note. “In real life, the car istotaled.”
|Related: Hurricane storm surge puts 6.9 million homes atrisk costing $1.5 trillion to rebuild
|Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.
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