Reflecting on the True Costs of Hurricane Michael
Five years after Hurricane Michael struck in October 2018, the storm’s aftermath goes far beyond the $25 billion worth of damage it caused. This catastrophic event had a far-reaching impact, touching every aspect of life for those affected. Let’s look at the storm’s effects and how it provided lessons on how to build better to protect homes and families from future natural disasters.Impacts of Hurricane MichaelWith windspeeds up to 160 mph and a storm surge of 9 to 14 feet, Hurricane Michael left infrastructure in its wake in varied conditions. Homeowners had to deal with flood damage, mold, fixing or replacing roofs, fallen trees, and partially or entirely collapsed structures, forcing complete home rebuilds. In the resulting months, many reported that insurance didn’t cover the full scope of the necessary repairs.According to a survey conducted by the Wharton Risk Center and Resilience Action Fund, homeowners affected by Hurricane Michael shared significant additional costs beyond just property damage. They also cited ongoing financial impacts from debris clean up, generators, fuel, evacuation, temporary housing, medical expenses, legal fees and lost income. For example, if one’s workplace was unusable, they couldn’t get paid, putting them further behind in an already difficult situation. Rehousing elderly or sick [...]













