. >> reporter: john marchetti lives one block from the beach. >> the car was completely submerged in the garage. it was lifted up and twisted like a washing machine effect. >> reporter: to date, insurers have processed 60,000 vehicle claims in new jersey alone. the insurance information institute estimates insured losses from sandy will likely run around $19 billion, making it the third costliest natural disaster behind katrina and andrew. >> the cost of living is higher, houses are more expensive, so that's going to inflate our costs all the way around. >> reporter: insured losses are just one part of the equation. uninsured losses will likely run into the tens of billions of dollars. jim beukholt's is the third generation owner of the ben franklin shop. >> we didn't have flood insurance, so we have to take a loss on everything. >> reporter: sandra gerber's vacation home didn't have any flood insurance, either. nearly two feet of water means her recently remodeled home will have to be gutted. >> i don't have flood insurance. i don't have hurricane insurance. i just have the normal f

. >> reporter: john marchetti's house sits just two doors closer to the beach. >> i do have homeowners insurance and flood. homeowners doesn't cover very much. everything from the sky is homeowners and everything from the bottom is flood. obviously everything here is flood. >> reporter: marchetti's insurer, n.j.m. will take a loss of more than $300 million from sandy, four times what it paid out from irene last year. industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hasti