Lightning and Homeowners Insurance

You hear a lot about hurricanes and tornadoes but there’s a natural calamity that causes more damage than both of those combined. Lightning strikes about 250,000 times and kill an average of 73 people each year.

The question is does your homeowners policy cover damage to your home caused by lightning. The answer is that it does.

Lightning Insurance Claims

The number of lightning insurance claims filed by policyholders and paid out by insurance companies has decreased in recent years. In fact, the claim frequency has dropped over 11 percent.

However, the average claim payout has increased nearly 64 percent in the last five years. The reasons for this are:

  • An increase in severe storms
  • An accumulation of costly electronic products in homes

The average claim has gone for lightning related losses has gone up from $2600 to $4300 per claim. This increase is the direct result of damage to consumer electronics.

How to Protect Against Lightning Strike Damage

You chances if being struck by lightning are about 1 in 600,000. Following are some of the things you can practice to reduce this risk:

  • Stay away from trees, open areas, hills and bodies of water
  • Never lie flat on the ground. Maintain as little contact with it as possible.
  • Go to a home or car for shelter
  • Install a lightning protection system
  • Make sure the electrical system of your home is property grounded
  • Unplug expensive electronic equipment prior to a approaching storm

We can’t control the weather but we can protect our homes and families from the effects of lightning.

Steve Wyrostek -HomeownersInsurance.org Expert A 20 year plus veteran of the insurance industry, Steve managed departments in the personal and commercial lines areas of major insurers. He’s familiar with how insurance—ranging from boat to workers compensation—works.

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