Do you want to live somewhere safe? Maybe it’s time to move to Michigan?
All joking aside (who’d want to live in Michigan?) it’s interesting to look through the new report published by CoreLogic that looks at property loss data through natural disasters.
First on our minds would be, “How Safe Is Louisville Kentucky?” Out of the 49 states listed in the report, Kentucky ranked 30th with a Hazard Risk score of 47.34. Indiana was slightly more risky with a 50.74 and Tennessee was slightly safer with a 46.48.
Data like this is used to build homeowners insurance rates, along with a slew of information, such as crime and replacement cost values.
I did find it odd that Alaska and Hawaii were not included, due to “limited natural hazard risk data.” I would expect both to be a much higher risk than average.
The top 10 states most at risk for natural disasters are as follows.
1 Florida 94.51 2 Rhode Island 79.67 3 Louisiana 79.23 4 California 75.56 5 Massachusetts 72.12 6 Kansas 69.51 7 Connecticut 69.04 8 Oklahoma 66.82 9 South Carolina 66.38 10 Delaware 65.38
So it appears that according to this report, Louisville is fairly safe. That should make us all sleep better at night.
If you’d like to learn more about how rates are determined, visit How Are Home Insurance Rates Determined?
