Leading Homeowners' Claims

Ever wonder what the most common homeowners’ claims are?  According to Brittney Meredith-Miller at Property Casualty 360, these are the top seven:

  • Medical Payments – Average cost per claim: $7,147
  • Theft – Average cost per claim: $4,415
  • Bodily injury and property damage – Average cost per claim: $30,324
  • Miscellaneous property damage and financial incidents – Average cost per claim: $820 to $6,773
  • Water damage and freezing – Average cost per claim: $11,650
  • Fire and lightning- Average cost per claim: $77,340
  • Wind and hail – Average cost per claim: $11,695

The agency, as part of a homeowner’s policy review, will check your coverages to ensure your homeowner’s policy is comprehensive and you have additional insurance to address these potential claims in the right amounts.

Have a question, give us a call.

Source: Property Casualty 360