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Hurricane Irene causing home insurance worries on East Coast

Posted On Tue, August 23, 2011

As it continues to gain strength in the Caribbean, Hurricane Irene is causing concern about potential damage across the East Coast of the United States, which may send many consumers to check their home insurance rates.

The storm, which forecasters say could become a Category 4 hurricane before it makes landfall, would be the first hurricane to hit land in the U.S. since Hurricane Ike, which caused widespread damage in parts of Texas.

By contrast, Hurricane Katrina was only a Category 3 storm when it hit the Gulf Coast in 2005.

According to the National Hurricane Center, the latest track for the storm states it should make landfall with winds of more than 110 miles per hour on the Carolina coast early this weekend. After that, it is projected to travel up the coast to Virginia and Washington, D.C.

Earlier this week, The Weather Channel said up to 80 million Americans have at least a low threat of being impacted by the storm, included 10 million who are under a high threat level.

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