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Hurricane Matthew property claims to date: $549M

November 5, 2016 by Nick & Cindy Davis

Data released last Friday by the Florida Office of Insurance Regulation (OIR) finds that Hurricane Matthew damage to property claims have gone up but fewer new claims are coming in.

Statewide, the report finds 78,963 insurance claims for residential homes and 3,143 for commercial buildings, though total numbers include other categories, such as mobile homeowners (5,397) and commercial residential (333).

On Oct. 12, OIR reported $218 million in claims; by Oct. 14, the number swelled to $454 million. The most recent update was published on Oct. 21.

Of the 91,212 claims filed, 25.7 % have reportedly been closed, and even while 10,859 of those were paid, 12,537 of those claims were closed without compensation for owners.

Statewide, only three counties – Holmes, Lafayette and Liberty – submitted no insurance claims for Hurricane Matthew damage, though many counties only had single-digit claims. Volusia County had the most claims with 26,664, and then Duval, Brevard, St Johns and Flagler.

Hurricane Matthew property claims to date: $549M

Hurricane Matthew property claims to date: $549M

Florida counties that saw more than 100 claims submitted include:

Brevard: 11,629 claims submitted
Broward: 649
Clay: 2,202
Duval: 14,860
Flagler: 6,161
Hillsborough: 155
Indian River: 1,602
Lake: 641
Marion: 287
Martin: 628
Miami-Dade: 453
Nassau: 1,399
Orange: 4,165
Osceola: 533
Palm Beach: 1,143
Polk: 264
Putnam: 851
Santa Rosa: 434
Sarasota: 268
Seminole: 2,754
St. Johns: 9.688
St. Lucie: 1,911
Volusia: 26,664

This is one list we in Tampa are glad we are not on. The last time that Tampa took a direct hit by a hurricane was 1902, so you may want to consider Tampa as you consider relocating to the sunshine state. Nick & Cindy Davis with RE/MAX Premier Group have assisted hundreds of our clients finding their new home here. We are always just a click here or call to 813-300-7116, let us get started working for you.

Filed Under: Buying a home, Buying A Home? Find A Local Expert To Help You, Florida Housing 2017, Home buyers, Home buying, Moving, Nick & Cindy Davis, Nick and Cindy Davis, RE/MAX, Real Estate Tips, Relocating, Tips Tagged With: Hurricane Matthew property claims to date: $549M, Hurricane Matthew Update, Insurance Claims

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813-695-6475

 

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Tampa, FL 33604

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