By Loretta Worters, Vice President, Media Relations, Triple-I
Lightning-related householders’ insurance coverage claims totaled $1.04 billion in 2024, a 16.5 % lower from 2023, in line with new knowledge from the Insurance coverage Data Institute and State Farm, the biggest author of house owners’ insurance coverage in the USA. 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
- Complete variety of claims: 55,537 (down from 70,787 in 2023)
- Complete claims worth: $1.04 billion (down from $1.24 billion)
- Nationwide common price per declare: $18,641
- Highest state common: $38,558 in Texas
High 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 expensive and unpredictable menace, with floor surges inflicting practically half of all claims,” stated Michal Brower of State Farm. “These occasions may cause intensive injury to electrical programs, home equipment, and even structural points. The injury underscores the crucial want for householders to pay attention to the dangers, spend money on protecting measures, and keep ready, particularly in high-risk areas the place lightning strikes are most frequent and damaging.”
Lightning strikes may cause greater than only a energy outage. Widespread impacts embody:
- Fires in attics, roofs, or partitions
- Energy surges that destroy electronics and home equipment
- Structural injury
- Damage and even demise
Easy methods to Keep Protected
Householders can shield their households and property by following just a few pointers:
- Set up whole-home surge safety and unplug units throughout storms;
- Contemplate a licensed lightning safety system;
- Examine your householders’ insurance coverage coverage for lightning and surge-related protection; and
- Keep indoors and keep away from wired units throughout thunderstorms.
Injury brought on by lightning, corresponding to hearth, is roofed by commonplace householders’ 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 instances per second.
“Whether or not it’s a household dwelling or a mission-critical facility, no property is proof against lightning,” stated Tim Harger, Government Director at LPI, whose group supplies assets for the design, set up, and inspection of lightning safety programs. “The simplest time to forestall lightning injury is earlier than a storm. A lightning threat evaluation paired with a professionally put in safety system could make all of the distinction in protecting folks secure and operations uninterrupted.”
Whereas lightning-related claims could also be down, the chance continues to be very actual, particularly in high-strike areas like Florida, Texas, and California. Taking preventive steps now can scale back publicity to expensive injury later.
Study Extra:
Lightning Safety Institute
The Significance of Defending Important Services From Lightning Strikes
Lightning: Quantifying a Complicated, Pricey Peril to Help Resilience
Past Fireplace: Triple-I Interview Unravels Lightning-Danger Complexity
