5 Common Homeowner's Insurance Claims 2022

​Homeowners insurance is a necessity for everyone, whether you own a single-family residence or a multi-family property. It covers the full or fair value of your property. As the homeowner, know it’s necessary to protect your home and belongings when they are in use. 

Here are the 5 common homeowner’s insurance claims.

1. Wind And Hail Damage
   Ranking first, wind and hail damage had the most insurance claims. Both can destroy your windows, roof, and sidings. In 2020, over 6.2 million US properties experienced damaging hail incidents, as per statistics. The number is significant in that it can damage a large amount of property. 
   
   
2. Fire And Lightning Damage
   Second, on the list is fire and lightning damage. Fire, wiring, and electrical fires are very dangerous, and if not treated promptly, can lead to serious injury or even death. As per NFPA, there was a total of $21.9 billion worth of damage caused by fire for 2020.
   
   
3. Water Damage
   Water damage may originate from within the house, like plumbing leaks and broken pipes. Not only that, but heavy rainfall and the rapid melting of snow can significantly cause water damage as well. According to Forbes, one in 50 homeowners will file for water damage. That's 24% of the total homeowner’s insurance claim.
   
   
4. Property Damage
   This is included in most insurance claims. Non-theft property damage claims are from fallen tree branches destroying your window glass or a car thrashing your garage. Its average claim is $6,598. 
   
   
5. Break-Ins And Theft Damage
   On average, the worth of burglaries in dollars is $2,661. Half of these break-ins happen during the day, and you may likely be away to work. In homeowner’s insurance, you may claim reimbursements for stolen property and damage during the break-ins. 

Conclusion
There are inevitable incidents that may happen to you anytime. It is important to have your home secured because these incidents may happen to you anytime.  Insurance makes a difference in terms of security.   Make sure to read your policies for faster and hassle-free claims. 

At Priority Insurance LLC​, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (864) 297-9744. You can also request a free quote by CLICKING HERE.