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Downbursts of this type are referred to as 'wet microbursts' by the National Weather Service for two reasons: (1) they contain heavy rainfall and (usually) hail; (2) they have damaging winds of greater than 58 mph (50 kn; 93 km/h). Microbursts are classified as being 'a swath of damaging winds not exceeding 2.5 miles (4.0 km) in diameter'. [6]
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In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. [1] [2] Such a loss may be an "actual total loss" or a "constructive total loss".
In 2023, hailstorms cost the United States $46 billion in damage to cars, roofs, and crops, according to the Insurance Institute for Business & Home Safety (IBHS). [53] Hail is one of the most significant thunderstorm hazards to aircraft. [54] When hailstones exceed 0.5 in (13 mm) in diameter, planes can be seriously damaged within seconds. [55]
The cost of these events reached $552 million. [31] 12 April 2016 San Antonio, Texas, US A storm producing hail up to the size of grapefruits pummeled the city causing extensive damage to cars, homes, windows, and roofs. It is estimated that the storm cost 1.4 billion dollars in losses (the costliest in the state's history). [32] 8 May 2017
Two people were killed in Parker County by the flooding. The NWS estimated that the total cost of damage in Parker County reached $20 million. [3] Hail, water, or wind-related damage was inflicted on 257 businesses in Tarrant County. Wind gusts exceeding 70 mph (115 km/h) were also reported in the county. Baseball-sized hail fell in Benbrook.
This settlement type would pay you the cost to replace your television, even though a new TV likely costs more than what your 15-year-old one is worth. Both ACV and RCV can apply to your home’s ...