Fla. claims for Irma damage top $5 billion

Fla. claims for Irma damage top $5 billion

TALLAHASSEE, Fla. – Oct. 24, 2017 – Six weeks after Hurricane Irma ripped through Florida, claims for damage have now topped $5 billion.

More than 23,160 property owners in Southwest Florida have filed claims for insured losses from Irma, according to an updated report Monday from the state Office of Insurance Regulation. That is 700 claims added since last week from Sarasota, Manatee and Charlotte counties.

The state agency said 772,934 owners of residential and commercial properties statewide had submitted claims to insurers as of the end of last week.

Total losses have now climbed to $5.31 billion, up by $740,000 from the previous week.

Homeowners account for 66 percent of the claims so far, the agency said. Another 11 percent come from other residential properties and 6 percent were filed by owners of manufactured homes.

Those claims do not include flood damage, which is not covered by homeowners’ insurance. Data analyzer CoreLogic has said flood losses in Florida and elsewhere could hit $38 billion, and up to 80 percent of the damaged homes might not have flood coverage.

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