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Claim Your Insurance Lottery Ticket

IV

How many percent of people put in homeowners

claims for Wind, Hail and Hurricanes

Causes of homeowners insurance losses
In 2017, 6 percent of insured homes had a claim, according to ISO.
Property damage, including theft, accounted for 98.1 percent of those claims.
Changes in the percentage of each type of homeowners loss from one year to
another are partially influenced by large fluctuations in the number and
severity of weather-related events such as hurricanes and winter storms.
There are two ways of looking at losses: by the average number of claims
filed per 100 policies (frequency) and by the average amount paid for each
claim (severity).

In the five-year period, 2013-2017, 5.5 percent of insured homes had a
claim. Wind and hail accounted for the largest share of claims, with 2.1
percent of insured homes having such a loss, followed closely by water
damage and freezing. Homeowners claims related to wind or hail are the most
frequent. About one in 50 insured homes has a property damage claim related
to wind or hail each year.

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