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By Loretta Worters, Vice President, Media Relations, Triple-I
Lightning-related owners’ insurance coverage claims totaled $1.04 billion in 2024, a 16.5 p.c lower from 2023, in response to new knowledge from the Insurance coverage Data Institute and State Farm, the biggest author of house owners’ insurance coverage in the US. The variety of lightning-caused claims additionally fell considerably, dropping 21.5 p.c, 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,” mentioned Sean Kevelighan, CEO, Triple-I. “Nonetheless, lightning stays a major risk to property and security, significantly 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 risk, with floor surges inflicting practically half of all claims,” mentioned Michal Brower of State Farm. “These occasions may cause in depth injury to electrical programs, home equipment, and even structural points. The injury underscores the essential want for owners to pay attention to 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 may cause greater than only a energy outage. Widespread impacts embrace:
- Fires in attics, roofs, or partitions
- Energy surges that destroy electronics and home equipment
- Structural injury
- Harm and even loss of life
The way to Keep Protected
Owners can defend their households and property by following a number of pointers:
- Set up whole-home surge safety and unplug gadgets throughout storms;
- Take into account a licensed lightning safety system;
- Examine your owners’ insurance coverage coverage for lightning and surge-related protection; and
- Keep indoors and keep away from wired gadgets throughout thunderstorms.
Injury brought on by lightning, equivalent to hearth, is roofed by customary owners’ insurance coverage insurance policies. Some insurance policies present protection for energy surges which might be the direct results of a lightning strike.
The Lightning Safety Institute (LPI) notes that lightning strikes can happen at an astonishing price of 100 occasions per second.
“Whether or not it’s a household dwelling or a mission-critical facility, no property is resistant to lightning,” mentioned Tim Harger, Govt Director at LPI, whose group gives sources 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 danger evaluation paired with a professionally put in safety system could make all of the distinction in preserving folks secure and operations uninterrupted.”
Whereas lightning-related claims could also be down, the danger continues to be very actual, particularly in high-strike areas like Florida, Texas, and California. Taking preventive steps now can cut back publicity to expensive injury later.
Be taught Extra:
The Significance of Defending Vital Services From Lightning Strikes
Lightning: Quantifying a Complicated, Pricey Peril to Help Resilience
Past Fireplace: Triple-I Interview Unravels Lightning-Threat Complexity
