Lightning Damage and Your Insurance

Data accumulated by the Insurance Information Institute reveals that there were 185,789 home insurance lightning claims in 2009. These claims include damage to homes, contents, and electronics. The total cost of the claims was $798 million.  In 2008 lighting damage topped $1 billion. Surge protectors (at individual outlets or on your power … [Read more...]

Lightning Damage

Lightning is one of the most frequent causes of homeowner insurance claims. 177,000 claims in 2007 278,000 in 2004 While the number of claims went down, the average cost per claim went from $2,646 to $5,321, according to the Insurance Information Institute. The increase in cost is attributed to an increase in sensitive electronics like flat … [Read more...]