Posted On July 18, 2022.

With climate disasters on the rise, ValuePenguin also tracked the states with the highest amount of weather-related damage, overall and per household and business.

According to the National Oceanic and Atmospheric Administration (NOAA), climate change is leading to an increased frequency and intensity of extreme weather events across the U.S. — and it comes with a cost. In fact, the latest ValuePenguin study found that weather-related property damages reached $121.4 billion between 2017 and 2021. What’s more, around a quarter (24.2%) of these damages weren’t covered by property insurance.

This study will look at weather-related property damage in the U.S. over the past five years. Using NOAA data, we’ll highlight which weather-related events were most expensive and which states experienced the highest amount of weather-related property damage, overall and per household and business.

• Key findings
• About a quarter of weather-related property damage not covered by insurance, estimates show
• Flash floods biggest cause of weather-related property damage
• Texas ranks highest for amount of weather-related damages
• Hurricane-prone Louisiana has highest amount of weather-related damage per household, business
• Protect your property against weather events
• Methodology

Key findings

Between 2017 and 2021, severe weather caused $121.4 billion in property damages in the U.S. That averages to $940 per household and business. We estimate that more than three-quarters (75.8%) of these weather-related damages were covered by insurance, for a total of $92.0 billion. That leaves an estimated $29.4 billion not covered by property insurance.

Flash floods were the biggest cause of weather-related property damage. During the period analyzed, flash floods caused $49.1 billion in property damages. That’s followed by hurricanes, which caused $36.1 billion in damages, and tornadoes, which caused $7.1 billion in damages.

Weather-related property damages in Texas reached $58.3 billion. That’s the highest amount of damage in any state. Flash flooding, which caused $44.8 billion in weather-related damages in the state, was the leading cause.

Hurricane-prone Louisiana had the highest amount of weather-related damages per household and business. If spread across each household and business in the state, Louisiana properties had $15,166 in weather-related damages between 2017 and 2021, with hurricanes as the No. 1 culprit. Texas and Oregon were next at $5,585 and $2,192 per property, respectively.

Original Post: Estimated $29.4 Billion in Property Damage from Severe Weather Not Covered by Insurance in Past 5 Years