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Many East Coast residents checking home insurance as Irene approaches

Posted On Fri, August 26, 2011

A number of people along the eastern coast of the U.S. may be checking their home insurance rates as they prepare for what could be the strongest hurricane to the Northeast in more than 25 years.

According to Bloomberg, New York, New Jersey and Delaware have all considered ordering mass evacuations for some residents living in the path of the Category 2 storm. States of emergency have already been declared in Delaware, Maryland, Connecticut, New York, New Jersey, North Carolina and Virgina. Hurricane watches already extend up to Massachusetts.

The storm could potentially impact 65 million Americans, according to data compiled by Bloomberg - or roughly 20 percent of the entire U.S. population.

According to the National Hurricane Center, as of 11 a.m. Friday, the projected track of the storm showed it hitting the edge of North Carolina before sweeping up the coastline and travelling directly over Long Island and New England before weakening to a tropical storm.

The damage from Irene in the Northeast could be the worst seen since 1985, when Hurricane Gloria hit. That storm killed 11 people and caused $900 million in damage, Bloomberg reports.

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