Wilma damage in PALM BEACH COUNTY ALONE - $10 billion

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Ixolib
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Posts: 2741
Age: 68
Joined: Sun Aug 08, 2004 8:55 pm
Location: Biloxi, MS

#21 Postby Ixolib » Fri Oct 28, 2005 11:59 pm

johngaltfla wrote:
Matt-hurricanewatcher wrote:I used to think to get over 10 billion in damage a area had to be nearly flaten. But thats changed.


Those silver caviar dish sets are expensive to replace. :roll:


...and all those "pool enclosures".

I'm sure there are folks there who will get paid more by their insurer to replace/rebuild their "luxury" items than I got paid for my entire loss to my home and cars in Katrina. And I can't imagine how many fools left their boats in harm's way, only to have them get severely damaged or destroyed - yet, their insurance will buy them a brand new one, or spend thousands fixing the blemished fiberglass.

Just as an aside, and to consider why the insured rate may be so high, especially when compared to the per capita statistics for the MS Coast and New Orleans, which is significantly lower than the statistics outlined below:

From Wikipedia.com
There are sixty-seven counties located in Florida, six of which are in the top 100 richest counties in the country.

Florida Counties Ranked by Per Capita Income
1. Collier County $31,195
2. Martin County $29,584
3. Palm Beach County $28,801
4. St. Johns County $28,674
5. Sarasota County $28,326
6. Indian River County $27,227


Florida Places Ranked by Per Capita Income
1. Fisher Island, Florida $236,238
2. Jupiter Island, Florida $200,087
3. Golf, Florida $144,956
4. Manalapan, Florida $143,729
5. Indian Creek, Florida $137,382
6. Orchid, Florida $135,870
7. Gulf Stream, Florida $133,651
8. Palm Beach, Florida $109,219
9. Indian River Shores, Florida $102,511
10. South Beach, Florida $90,938
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f5
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#22 Postby f5 » Sat Oct 29, 2005 2:27 pm

just imagine the cost if Hurricane Rita made landfall on Galveston island instead of at the TX/LA boder not as a CAT 3 but as a CAT 4 or 5 with a CAT 5 surge.
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