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Arturo Report finds 71.9 Percent of Gulf Coast Homes Have Roofs Susceptible to Hurricane Damage

Arturo, the proptech company that delivers intelligent analytics from individual property to portfolio, announced the release of its inaugural report “Hurricane Exposure: The State of Gulf Homes” that analyzes more than 17 million homes across the southeast United States ahead of a forecasted above-average hurricane season.

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“Arturo is enabling insurers to better understand the complete picture of hurricane risk from a property to portfolio level so insurance companies can help educate policyholders on steps they need to take to mitigate damages in hurricane-prone areas”

The report finds 71.9 percent of rooftops in the analyzed states are asphalt shingle, which can only withstand wind speeds up to 110 mph, or Category 3 force winds. Older or degraded asphalt may only withstand winds up to 50 mph. Metal roofs are more wind-resistant, able to withstand winds up to 160 mph (Category 5), but they only make up 6 percent of roofs in the region.

The National Oceanic and Atmospheric Administration predicts as many as 21 named storms, with potentially up to 10 hurricanes, three to six of which could be major hurricanes for 2022. The report reviews several critical categories and property features deemed vital to insurers as the industry moves toward a proactive model where understanding risks and areas of underinsurance ahead of claims issues is critical. These categories and property features include wind and water exposure, roof shape, skylights, solar panels and pools, as well as underinsurance characteristics.

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“Arturo is enabling insurers to better understand the complete picture of hurricane risk from a property to portfolio level so insurance companies can help educate policyholders on steps they need to take to mitigate damages in hurricane-prone areas,” said Neil Pearson, chief strategy officer of Arturo. “Any changes that occur to a property over time, like the addition of solar panels or other items that result in underinsurance, are detected as they appear so policyholders are more likely to be adequately insured.”

Other highlights from the report include:

  • Hip roofs comprise 52% of Texas homes, 47% of Louisiana homes, 44% of Florida homes, and 42.3% of homes across the whole southeast. While more expensive to build, they are more durable under strong hurricane winds, making them more appealing over gable roofs.
  • 257,000 homes in the southeast have solar panels, including 2.1% of Florida and 1.9% of Texas homes. While they can provide additional power to homes during outages, they can shatter when struck by hail or damaged by lightning strikes. They can be a financial liability if not properly insured.
  • 691,663 homes have skylights across the Gulf Coast states. It would cost more than $1 billion to replace all of these skylights, which are susceptible to hail and wind damage and could cause internal water damage to homes if broken.

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