By Loretta Worters, Vice President, Media Relations, Triple-I
Lightning-related owners’ insurance coverage claims totaled $1.04 billion in 2024, a 16.5 % lower from 2023, in line with new knowledge from the Insurance coverage Info Institute and State Farm, the biggest author of house owners’ insurance coverage in america. The variety of lightning-caused claims additionally fell considerably, dropping 21.5 %, to 55,537, the bottom degree recorded since earlier than 2017.
Greater than half of all claims got here from the highest 10 states, with Florida, Texas, and California main the nation in lightning-related property losses.
“Fewer claims and a decline in severity point out elevated consciousness and improved mitigation,” stated Sean Kevelighan, CEO, Triple-I. “Nonetheless, lightning stays a big menace to property and security, notably throughout storm season.”
Key lightning declare stats for 2024
- Whole variety of claims: 55,537 (down from 70,787 in 2023)
- Whole claims worth: $1.04 billion (down from $1.24 billion)
- Nationwide common value per declare: $18,641
- Highest state common: $38,558 in Texas
Prime three states by lightning losses
- Florida – 4,780 claims, $113M in damages
- Texas – 4,369 claims, $168M in damages
- California – 4,005 claims, $75M in damages
“Lightning stays a pricey and unpredictable menace, with floor surges inflicting almost half of all claims,” stated Michal Brower of State Farm. “These occasions could cause in depth harm to electrical programs, home equipment, and even structural points. The harm underscores the essential want for owners to concentrate on the dangers, put money into protecting measures, and keep ready, particularly in high-risk areas the place lightning strikes are most frequent and damaging.”
Lightning strikes could cause greater than only a energy outage. Frequent impacts embrace:
- Fires in attics, roofs, or partitions
- Energy surges that destroy electronics and home equipment
- Structural harm
- Harm and even dying
Methods to Keep Protected
Householders can defend their households and property by following just a few tips:
- Set up whole-home surge safety and unplug gadgets throughout storms;
- Take into account an authorized lightning safety system;
- Verify your owners’ insurance coverage coverage for lightning and surge-related protection; and
- Keep indoors and keep away from wired gadgets throughout thunderstorms.
Harm attributable to lightning, corresponding to hearth, is roofed by commonplace owners’ insurance coverage insurance policies. Some insurance policies present protection for energy surges which can be the direct results of a lightning strike.
The Lightning Safety Institute (LPI) notes that lightning strikes can happen at an astonishing charge of 100 occasions per second.
“Whether or not it’s a household house or a mission-critical facility, no property is resistant to lightning,” stated Tim Harger, Government Director at LPI, whose group offers assets for the design, set up, and inspection of lightning safety programs. “The best time to forestall lightning harm is earlier than a storm. A lightning threat evaluation paired with a professionally put in safety system could make all of the distinction in conserving folks protected and operations uninterrupted.”
Whereas lightning-related claims could also be down, the chance remains to be very actual, particularly in high-strike areas like Florida, Texas, and California. Taking preventive steps now can cut back publicity to pricey harm later.
Study Extra:
Lightning Safety Institute
The Significance of Defending Important Amenities From Lightning Strikes
Lightning: Quantifying a Complicated, Pricey Peril to Help Resilience
Past Fireplace: Triple-I Interview Unravels Lightning-Threat Complexity
