Dam breaks and a flood in the middle of a global pandemic, it’s an unimaginable scenario that quickly became a reality on May 20, 2020, in four Michigan counties. Veros analyzed the impact of this disastrous event and determined the potential number of residential properties that may have sustained some level of damage.
Veros identifies 20,507 residential properties potentially impacted in the core of the Michigan Dam & Flood Event, with a total market value of $3,062,392,700 billion based on the predictive analytics available through the VeroVALUE AVM.
Using public records, proprietary data and mapping technology, this report details the potential impact to homes, outstanding mortgages and potential impact to insurance coverage.