Hurricane Matthew could inflict $200 billion in damage to coastal homes

hurricaneBy Diana Olick | CNBC

About 11 million Floridians are in the path of Hurricane Matthew, which is now expected to come ashore as a deadly Category 4 storm.

Many of those people will evacuate their homes — as nearly 954,000 are at risk of major storm surge damage, according to CoreLogic. Those homes have a reconstruction value of just more than $189 billion. Add Georgia and South Carolina to the mix, and it rises to more than $200 billion.

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