Hurricane Irma has impacted us all in some way. On average us Floridians see 1.5 hurricanes make landfall with our beautiful state every year.
In South Florida, we all have our routines and pre hurricane rituals and hopefully as you are reading this you and your family are ok. We hope your homes have not been affected but this was one of the worst hurricanes in history in terms of power outages.Top 3 Power Outages from Hurricanes in Florida
1992: Hurricane Andrew left around 1.4 million people powerless.
2005: Hurricane Wilma cut off electricity to over 6 million people.
2017: Hurricane Irma left over 7.5 million people without power with some estimates reaching over 10 million.
The storm has inflicted heavy damage all across Florida; Original forecasts were bracing South Eastern Florida for a direct hit, insurers were bracing for a 200 billion dollar loss, but saw their stocks climb as much as 25% for a time during the first trading day after the storm with losses predicted to be between $10 – $60 billion. This was primarily due to the western shift taken by the storm 48-72 hours prior to landfall.
As a mortgage lender in South Florida we have our offices located in Sunrise, luckily no damage to our offices and we have power and are back up and running 100%, helping new clients get into the homes of their dreams.
We just published an article covering most of the property damage questions we’ve been asked.
Read it on the Home Financial Group blog.