Every year lightning strikes the ground 30 million times and injures about a thousand people in the United States, according to the Lightning Protection Institute (LPI).
As next week is Lightning Safety Awareness Week, hereÃ¢â‚¬â„¢s a recap by the numbers of this underrated weather hazard and cause of property damage, courtesy of the Insurance Information Institute (I.I.I.).
Note to readers: numbers are based on an analysis of homeowners insurance data by the I.I.I. and State Farm:
186,000: The number of lightning claims paid out by homeowners insurers in 2011. Losses ranged from damage to expensive electronic equipment to structural fires that destroyed entire homes.
$5,112: The average cost of a lighting claim in 2011, up 5.5 percent from 2010.
93%: The increase in the average cost per claim from 2004-2011, even as the actual number of paid claims fell by over 33 percent over the seven-year period. This decline may be due to increased use of lightning protection systems.
Loretta Worters, vice president of the I.I.I., sums up the findings:
The number of paid claims is down, but the average cost per claim continues to rise, in part because of the huge increase in the number and value of consumer electronics in homes. Plasma and high-definition television sets, home entertainment centers, multiple computer households, smart phones, gaming systems and other expensive devicesÃ¢â‚¬”which can all be destroyed by power surgesÃ¢â‚¬”continue to have a significant impact on claims losses.Ã¢â‚¬
With this in mind, itÃ¢â‚¬â„¢s good to know that damage caused by lightning, such as fire, is covered by standard homeowners and business insurance policies. Some home and business insurance policies provide coverage for power surges that are a direct result of lightning striking a home or business, according to the I.I.I.
There is also coverage for lightning damage under the comprehensive portion of an auto insurance policy.
Check out more I.I.I. facts and statistics on lightning here.