All homeowners know investing in a home insurance policy is vital to the home buying and owning process. Sometimes, however, when your home insurance goes unused (really, this is a good thing) it can feel like a waste of money.
Have you ever wondered, why do I need home insurance? Well, trust us, as home insurance agents in Springfield, Ohio we have worked with countless homeowners, who are extremely thankful to have had home insurance when disaster struck their homes.
If you haven’t had to utilize your home insurance plan, consider yourself lucky. Let’s take a look at some of the most common home insurance claims homeowners run into.
Wind and Hail Damage
Damage from wind and hail is the most common home insurance claim made. This damage usually comes from tornados, hurricanes, or even severe thunderstorms. According to the Insurance Information Institute, these claims average around $11, 200.
Fire or Lightning Damage
The second most common and frequent home insurance claim is damage caused by fire and lighting. These claims tend to be the most expensive averaging about $79,800.
Water damage home insurance claims are also very common as water damage can come from a number of sources both inside and outside your home. Be sure to talk with your insurance agent about adding flood insurance to your policy if that is a concern for your area.
Non-Theft Property Damage
This type of property damage would include occurrences such as a tree falling on your home or a utility truck backing into your garage. This type of home damage can occur from a number of different situations but the average claim costs about $6,500 according to the Insurance Information Institute.
Break-ins And Theft
It has been found that break-ins and theft only account for 6% or less of home insurance claims. This is good news for homeowners, but still a concern you want to be covered for. Be sure to always lock your doors and utilize the many new and improved ways you can make your home more secure today.
Home Insurance in Springfield, Ohio
Do you feel like your home insurance policy has you covered in the case of any of these common occurrences? If you are questioning your current policy or looking for a new one, contact our team of independent insurance agents at Link-Helmuth today.