Devine Claims Consultants – Lightning Strike Claims
by Admin
Posted on 30-03-2023 07:20 AM
The claims advisors at nxt level claims consultants are sympathetic to your annoyance and can assist you with any lightning damage claims that were incorrectly underpaid, denied, or delayed. As your policyholder advocate, we’ll
lightning damage insurance claim
to get you a fair compensation so you may resume your rehabilitation. Power surges can also be caused by lightning strikes. Problems in the transmission lines, maintenance by the electrical company, or a blown fuse, can all cause power surges. Power surges can have devastating effects on electronics and wiring, regardless of their cause. Your policy may cover power surges that are caused by routine electrical maintenance.
What Business Owners Need to Know Before Filing Lightning Damage Insurance Claims
/ consulting / by jarred lintz
you might think that filing a lightning strike insurance claim for property damage would be a pretty simple, straightforward process. Well, i am afraid it’s not.
Actually, filing an insurance claim for property loss resulting from a lightning strike can potentially be the most complex of claims, and your insurance company may resist covering any damage beyond fire losses. This article aims to discuss how to file a claim for lightning damage or any damage incurred by your home or business and also how to prove to insurance that the damage is from a lightning strike.
Standard homeowners and business insurance policies cover fire and other damage due to a lightning strike. Some even cover damage due to a resulting electrical surge - check with your company for details. If you carry comprehensive on your auto policy, it covers lightning damage to your car. Claims cost lightning strikes cost about $674 million in homeowners insurance losses in 2013, down 30. 5 percent from 2012, according to the insurance information institute (i. I. I. ). An analysis of homeowners insurance data by the i. I. I. And state farm found there were 115,000 lightning claims in 2013, down 24 percent from 2012.
Lightning plays a substantial role in the damage done to homes and businesses every year. Many losses can be prevented when lightning protection systems and surge arrestors are implemented as mitigation methods. Fires caused by lightning represent a serious threat to life and property, but the risk is often overlooked by homeowners and businesses. The i. I. I. ’s analysis of u. S. Homeowners insurance data found there were 185,789 lightning claims in 2009 costing $798 million, with an average claim totaling $4,296. These losses ranged from damage to expensive electronic equipment to structural fires that destroyed entire homes.
Believe it or not, lightning strike insurance claims are one of the most costly types of insurance claims that exist. The damage is immense. First, lightning strikes often result in fire claims. Every year, homeowners have to file total loss claims for fire damage due to lightning striking their home and setting it on fire. Fire damage from lightning is not limited to single structures, however. Lightning strikes can also ignite wildfires , which carry the possibilities of catastrophic losses. Wildfires can burn hundreds of acres at a time and take down every house and business they come across.
Some Businesses Have a Higher Risk of Lightning Strike Losses Than Others
Business owners often take precautions against the wind and rain brought in by an oncoming storm. However, lightning poses a particular risk to small and large businesses—and since it travels over 100,000 miles per hour, your business can be damaged in the blink of an eye. Attorney bill voss explains the largest losses associated with lightning strikes, how to reduce lightning damage risks, and how to file a commercial property damage claim that will cover the maximum amount of your losses.