For the 85% of American homeowners that carry home insurance, the thought of filing a claim and the subsequent influence it will have on their rates sends a shudder down the spine.
Fortunately, just 5.8% of insured homes have a claim during an average year, according to Insurance Information Institute data stretching from 2016-2020.
Data from Travelers Insurance Cos. shows wind, non-weather-related water damage, hail, weather-related water damage and theft, respectively, are the most common drivers of home insurance claims.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
