Catastrophe modeling firm AIR Worldwide is estimating that insured losses from Hurricane Irene to onshore properties in the U.S. will be between $3 billion and $6 billion.

AIR estimates include wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time element coverage (additional living expenses for residential properties and business interruption for commercial properties).

Hurricne Iree has brought widespread flooding to New Jersey, Vermont and other parts of the Northeast. Typically, coverage for flood damage resulting from surface water, including storm surge caused by hurricanes, is excluded under standard homeowners and renters insurance policies. Coverage is offered by the National Flood Insurance Program.

AIR Worldwide previously forecast losses from Irene of $1.1 billion just for just the Caribbean.