Simplify the following text for a Grade 5 native English-speaking person.
Original: Initial estimates of the financial damage caused by the storm were in the millions of dollars , including losses of $ 1 million in Havana , largely from the destruction of Customs House sheds there , which were filled with many valuable goods .
Simplified: Damage caused by the storm cost millions of dollars . In Havana alone , $ 1 million in losses were reported .