The past few years have been historical for weather related claims. Hail storm damage insurance claims have soared to a whopping 84% in 2012 compared to 2010, according to the National Insurance Crime Bureau.
re of the country is experiencing an increase in severe storm systems from intense wind, tornadoes and hail. The property damage can result in a few broken shingles to complete decimation of buildings.
To reduce claim payout, insureds could opt to carry higher deductibles. Most carriers even offer or require separate deductibles for wind/hail now, even at 1% and up. In addition, some companies even include Actual Cash Value loss settlement on roofs instead of Replacement Cost. Let our Personal Lines Insurance expert guide you at Sovereign Risk Solutions.
The top five states generating hail damage claims, according to the NICB: