Superstorm Sandy, caused $70 billion in damage. It also killed 286 people in 2012. Much of that damage was caused when the storm hit the highly populated areas of New York and New Jersey. The storm surge that hit New York City flooded streets, subways, tunnels, and damaged utility services. Damage was also caused in the United States. As well as Bermuda, and the Caribbean islands.
However and according to Zillow.com., one-third (32 percent) of underwater homes would be valued in the bottom third nationally. So that’s meaning $123 billion in losses.