Insurers within the U.S. paid out about $1 billion in claims for lightning-related harm in 2024, down 16.5% from the quantity paid in 2023, in accordance with the Insurance coverage Info Institute (Triple-I).
The tally was $1.04 billion in 2024 in comparison with $1.24 billion in 2023.
Greater than half of the claims had been filed within the prime 10 states—with Florida, Texas and California the highest 3—however the whole variety of lightning-caused claims fell 21.5% to 55,537 in 2024.
Triple-I mentioned this was the bottom variety of claims since earlier than 2017. The excessive mark since 2017 was 2020 with almost $2.1 billion paid on 71,551 claims—a median of $28,885 per declare.
Knowledge was compiled by Triple-I to coincide with Nationwide Lightning Security Consciousness Week (June 22-28).
“Lightning stays a pricey and unpredictable risk, with floor surges inflicting almost half of all claims,” mentioned Michal Brower, media spokesperson for State Farm, in a press release. “These occasions could cause intensive harm to electrical programs, home equipment and even structural points. The harm underscores the important 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.”
Injury attributable to lightning, corresponding to fireplace, is roofed by normal owners, condominium, renters and enterprise insurance coverage insurance policies. Some owners insurance policies present protection for energy surges which can be the direct results of a lightning strike, mentioned Triple-I.
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