Preliminary loss estimates for Hurricane Irma is estimated to be between $42.5 billion and $65 billion (excluding uninsured commercial losses), according to a report released today from CoreLogic, a global property information company.

Of this, an estimated $13.5 billion to $19 billion in insured loss is attributed to damage from wind for both residential and commercial properties. The remainder us uninsured.

Residential Loss

Flood loss for residential properties from Hurricane Irma is estimated at $25 billion to $38 billion. This includes storm surge, inland and flash flooding in Florida, Alabama, Georgia, North Carolina and South Carolina. Of this flood total, insured residential flood loss is estimated at $5 billion to $8 billion and uninsured residential flood loss is estimated at $20 billion to $30 billion.

An estimated 80 percent of flood damage to residential properties from Hurricane Irma is not covered by any flood insurance.

Of the total wind damage, an estimated $11 billion to $15 billion represents residential loss. Most damage from hurricane wind is typically covered by private insurers.

Insured residential flood loss covered by the National Flood Insurance Program (NFIP) is estimated at $5 billion to $8 billion, representing one quarter of damaged homes. Uninsured residential flood loss is estimated at $20 billion to $30 billion, representing 80 percent of damaged homes.

Commercial Loss

Insured flood loss for commercial properties is estimated at $4 billion to $8 billion. Data for uninsured flood loss for commercial properties, which could equal or exceed insured loss estimates, is unavailable.

Insured commercial flood loss is estimated at $4 billion to $8 billion, the majority of which is covered by private insurers with a small percentage covered by NFIP.

Of the total wind damage, an estimated $2.5 billion to $4 billion represents commercial loss.