Galveston is the riskiest town in the United States to own a beach house, according to a recent report by Assurance.
The report said this is because of a projected sea level rise of 1.9 feet by 2040, which is over 58 percent higher than the national average.
Galveston also has some of the most valuable at-risk beach homes, with a total value of over $441 million.
“While many things are out of a homeowner's control, beach property owners can take proactive measures to protect their investment, such as elevating properties, reinforcing foundations, and creating natural barriers to mitigate the impact of rising sea levels and high-tide flooding,” the Assurance report said.
Galveston is the only beach town in Texas to make the list.
Several Jersey Shore beach town also reportedly show significant flood risks and property values at risk of damage, with over 22% of homes in Wildwood, NJ, are at risk of flooding. Avalon, NJ's flood risk is 98%. Jersey Shore beach towns have a projected sea level rise of 1.6 feet by 2040.
Other towns on the list include Hilton Head Island, South Carolina, Tybee Island, Georgia, and Gulf Shores, Alabama.
“Owning a beach house can be a dream come true, but it's important to consider the potential risks that come with it,” Assurance said.
