CoreLogic: More Than 900 Homes at Risk From California Rocky Wildfire

According to CoreLogic hazard risk analysis, a total of 927 homes, or 23 percent, with a total reconstruction cost of more than $221 million are at “Maximum Risk” or “Moderately High Risk” from the Rocky Wildfire occurring in the following Northern California zip codes:
95423
95457
95679
95987

Table 1 shows the risk levels for all of the 3,949 homes in these four zip codes based on the CoreLogic Wildfire Risk Score. The score indicates the level of susceptibility to wildfire damage and includes the risk associated with the property being located in close proximity to other high-risk properties or areas. The higher the score, the greater the risk of damage. This granular level of hazard risk assessment is important since wildfire can easily expand to adjacent properties and cause significant damage even if the property is not considered high risk in its own right. For the Rocky Wildfire, the majority of homes, 2,935, or 74 percent, are at “Minimal Risk” of damage.

Table 1

The reconstruction cost values represent estimates to rebuild the home, taking into account labor and materials, and are based on 100-percent or total destruction of the residential structure. Depending upon the size of the wildfire, there may be less than 100-percent damage to the residence, which would result in a lower realized reconstruction cost.

Source: CoreLogic