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