Thunderstruck! Average Lightning Claim Costs Up by 25 Percent, But Number of Claims Continues to Fall
NEW YORK, June 25, 2013 — While the destruction caused by tornadoes and hurricanes may grab the headlines, intense lightning storms also take their toll throughout the United States. In fact, lightning strikes cost nearly $1 billion in insured losses in 2012, according to the Insurance Information Institute (I.I.I.).
HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2004-2012
Reducing the Risk of Lightning Damage
- Have a lightning protection system installed for your home or business.
- Be sure the lightning protection system is designed and installed in accordance with accepted industry standards and meets National Fire Protection Association, Lightning Protection Institute and UL requirements.
- Include protection for electrical, telephone, cable or satellite TV lines entering the structure.
- Make sure all equipment is UL-listed and properly labeled.
Lightning Safety Tips
- Seek lower elevation areas.
- Never use a tree for shelter.
- Immediately get out and away from pools, lakes and other bodies of water.
- Stay away from all metallic objects (fences, power lines, poles, etc.)
- Do not raise umbrellas or golf clubs above you.
- The safest place to be in a storm is in a structure protected with an LPI certified lightning protection system.
- Stand clear from windows, doors and electrical appliances. Unplug appliances well before—never never during—the storm.
- Avoid contact with piping including sinks, baths and faucets.
- Do not use the telephone, except for emergencies. Cellphones are safe to use.
- Insurance Issues Update: Catastrophes
- Facts and Statistics: Lightning
- Videos: Beyond Thunder Dumb: When Lightning Strikes...; Lightning Myths (also available in Spanish); How to Pick a Lightning Protection System (also in Spanish); Being Smart About Lightning Protection; and Don’t Be a Dummy About Lightning Protection Systems
- National Weather Service.
- Insurance Institute for Business & Home Safety
- Lightning Protection Institute.
- NOAA’s Lightning Safety page
THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500; www.iii.org