06/26/2024
Lightning is real. Don't mess around!!
Trending Upwards // Increase in the number of incidents and the costs associated with lightning claims.*Note - these are homeowners only! These numbers do not include commercial losses.
One lightning strike can cause immense damage that goes beyond fire - Damage to the electrical infrastructure and electronics can be destroyed - bringing communication, security and productivity to a halt.
According to LPI partner - the Insurance Information Institute (Triple-I), national insurance claims data reveals:
-The total value of lightning-caused U.S. homeowners insurance claims rose by over 30% in 2023,totaling $1.27 billion, compared to $950 million in 2022.
-The number of lightning-caused U.S. homeowners insurance claims increased by 13.8%.
-The average cost per lightning-caused claim surged by 14.6%, from $15,280 in 2022 to $17,513in 2023.
These risks can be mitigated. Start with an ASSESSMENT. Then, take the necessary actions to PROTECT you, your home and business. If the assessment puts your structure in a mid to high range area of risk, seek additional support from an LPI certified contractor to discuss lightning protection systems.
For details on how a lightning protection system works, finding a certified local contractor and other resources, visit the Lightning Protection Institute at www.lightning.org.
For more information -
Read the Triple I press release: https://www.dropbox.com/scl/fi/c8p9l4an3fbxqtd2h3imj/Triple-I-Press-Release-2024.doc?rlkey=8sazuizndmqhzrlu9ldjk4yyc&st=zcqbhmzj&dl=0
Read the LPI press release: https://www.dropbox.com/scl/fi/v3etlwtnw5tj3o4099duc/LSAW-2024-Press-Release.pdf?rlkey=9eflde99wxv1v2pqfijnc2df3&st=9ox9an5w&dl=0
