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HOMEOWNERS INSURANCE CLAIMS AND PAYOUT FOR LIGHTNING LOSSES, 2004-2007
|
2004 |
2005 |
2006 |
2007 |
Percent change
2004-2007 |
| Number of paid claims | 278,000 | 265,700 | 256,000 | 177,100 | -36.3% |
Insured losses
($ millions) | $735.5 | $819.6 | $882.2 | $942.4 | 28.1% |
Average cost
per claim | $2,646 | $3,084 | $3,446 | $5,321 | 101.1% |
| Source: Insurance Information Institute. |
| - The number of lightning claims fell in 2007, but the average cost per claim continues to rise as more homeowners buy computers and other expensive electronics prone to power surges.
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