Does Homeowners Insurance Cover Lightning Strikes?
by Admin
Posted on 28-03-2023 12:07 PM
Lightning strikes are common in florida. When you file a homeowners insurance claim as a result of damage caused by lightning, the insurance company will try to either “nickle and dime” you for every item or they will deny your homeowners insurance claim.
Another byproduct of a lightning strike is fire damage which will then lead to a fire damage insurance claim. The best situation is that your home suffered limited damage to both the physical residence and personal property. If you don’t feel like the insurance company is treating you fairly feel free to give us a call.
Lightning damage is usually covered by most homeowners insurance policies. For instance, your dwelling coverage will compensate for any impairment to your home's structural system. In addition, standard homeowners insurance policies cover items like home appliances, deck and electrical systems. Moreover, loss of use coverage is included in most policies, and it pays for any additional living expenses incurred while your house is being repaired due to a covered claim. Since all of these things are covered by a standard homeowners policy, you won't need to get any supplemental lightning coverage. http://3b8.s3-website.ap-east-1.amazonaws.com/damage-loss-claim/subsidence-damage-insurance-claim/4-We-will-make-a-thorough-assessment-780.html
Lightning strikes the united states about 25 million times each year, according to the national oceanic and atmospheric administration. And when it does, it can cause significant property damage. Lightning can cause fires that destroy homes and personal belongings, often leaving homeowners with a pile of devastation. The florida disaster recovery attorneys at ged lawyers, llp successfully recover compensation for florida residents who have sustained lightning-related property damage. When florida rains, winds and lightning cause damage to your property, trust us to obtain maximum compensation for you from your insurance company. We have a long history of success and more than $40 million recovered for home, business and property owners just like you.
How homeowners insurance covers lightning damage
Surge and lightning damage to electronics is a frequent occurrence, particularly in the summer months. A recent analysis of 2016 homeowner’s insurance claims by insurance information institute revealed that over $825 million was paid on more than 100,000 lightning claims. This represents a near 10% increase in the number of lightning claims filed in 2016 over 2015, though it is still below the 10-year average. Perhaps more significant for insurance carriers is the fact that the average cost per residential lightning claim has risen over 40% since 2007 ( iii ), which is indicative of the increase in the number of electronics susceptible to lightning- and surge-related damages per home.
Categorised blog , insurance dispute , property insurance according to data from the national weather service , florida leads the nation in lightning strikes. In fact, more than ten percent of the all lightning damage property insurance claims come from florida residents. Lightning can damage property in a number of different ways. You should know if your policy covers your damage, and how to make an effective lightning damage insurance claim. If you are involved in a lightning damage insurance dispute, or you have any questions about florida property insurance claims, please contact an experienced broward county property insurance lawyer for assistance.
For immediate release new york press office: (917) 923-8245; media@iii. Org new york, june 19, 2020—for the second consecutive year, the number of lightning-caused u. S. Homeowners insurance claims decreased in 2019 yet the average cost per claim has increased 11 percent between 2017 and 2019, according to the insurance information institute (triple-i). The triple-i’s findings, based on national insurance claims numbers, determined:
the map below shows the number of lightning strikes over ireland on a single day (3rd september 2016). It is also worth noting that a typical lightning strike contains 1 billion volts, so once this makes contact there will be extensive damage! lightning strikes in ireland – claims assist loss assessors.
May 27, 2021 the prevalence of smart home devices and appliances in the u. S. Has grown steadily in recent years. By 2025, experts predict that more than 75 million households, or 57% , will have connected devices such as cameras, thermostats, alarms, lighting, refrigerators, or washer and dryer units. While smart home devices and appliances offer increased convenience, functionality, and energy efficiency, their interconnectedness can also make them more susceptible to costly lightning damage, because voltage surges caused by lightning strikes can impact multiple devices and appliances at once across a home's electronic network. This explains why the average cost of lightning-caused insurance claims in the u.
Lightning strike damage claims are complicated. What personal property was damaged from the strike? electronics? appliances? furnishings? what was the actual cash value of these items? what about replacement cost? how much will you get for these items from your homeowner’s policy? and, what about additional living expenses you incurred when living somewhere else while your home was being repaired? how are those reimbursed? we get it – there’s a lot to worry about. Let a public adjuster worry about these details on your behalf. We’ll advocate for you and tell you what’s covered and what’s not covered under your insurance coverage.