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Lightning Strikes Up, Cost of Claims Down

According to analysis from the Insurance Information Institute, the number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016 compared with 2015...
June 20, 2017

Lightening

According to analysis from the Insurance Information Institute, the number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016 compared with 2015. However, the average cost that insurers paid on those claims fell over the same period. More than $825 million in lightning claims was paid out last year to more than 109,000 policyholders. The average cost per claim last year was $7,572, down from $7,947 in 2015. Total insured losses caused by lightning rose 4.5 percent from 2015 to 2016, although overall losses have declined 12.4 percent since 2007.

Looking at lightning claims by states, Florida — the state with the most thunderstorms — remained the top state for lightning claims in 2016, with 10,385, followed by Texas (9,098), Georgia (8,037), and Louisiana (5,956).

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