The important thing to know about umbrella coverage is it only applies to your liability limits. Can Umbrella Coverage Help Me in This Situation?ĭepending on your home and other factors, you may want to consider umbrella coverage to help extend your liability limits. As long as the person was injured by a covered peril, like lightning, you'd be protected. Liability insurance covers any legal fees and medical bills associated with a third-party injury claim against you. In this case, your homeowners liability insurance would protect you in the event that your friend decides to sue you. If your friends are sitting in the living room watching TV when lightning strikes, there's a chance that someone will be injured. What Happens if Someone Is Injured by the Lightning Strike? Of course, you can work with your independent insurance agent to increase your coverage limits at any time. Most property coverage is 10% of your home's total value, so if the damage was more than 10% of your home's value, you could have to pay for some repairs out of pocket. Like with most insurance, if you need to file a claim, you'll be responsible for the deductible on your insurance plan and any costs that exceed your limits. Lightning is one of the many perils covered under property insurance. Property coverage includes three types of coverage - replacement costs, actual cash value, and extended replacement costs should a covered peril damage the structure of your house and its contents. How Does Property Coverage Help with Lightning Strikes?Ī standard homeowners insurance policy includes property insurance coverage. It will even cover your additional living expenses if the lightning strike displaces you from your home. It will not only cover damage to the structure of your home but also your personal property like appliances, electronics, and furnishings at their cash value. The good news is your standard homeowners insurance policy will help pay for the damage if the angry skies decide to hit the big antenna on your roof. It can also start fires and even injure people in your home. Will My Homeowners Insurance Do Anything if Lightning Strikes My Antenna?Ī strike from lightning can damage your roof, electrical wiring, appliances, and personal property. Homeowners Insurance Claims and Payout for Lightning Losses, 2017 to 2019 Year Guess what? A huge antenna on your roof is one of those gateways. That is more than a 1.2 percent increase from previous years, which is credited to the increase of smart homes and the variety of electronics that provide an easy gateway for lightning. In 2019 alone, more than $900 million in lightning claims were paid out by home insurance companies. Having your home struck by lightning is not cheap. Every year, one in 200 homes are struck by lightning. Okay, but what are the odds that your house will be struck by lightning? They're actually pretty high. Roof antennas are not grounded, which not only make them an easy target for lightning strikes, but the current from the lightning can move the antenna and provide an entryway for the lightning bolt to get deeper into your house. If you've heard that the antenna on your roof can't be struck by lightning or that it will protect your house from being struck, both are big old myths. Is a Big Antenna on My Roof a Lightning Hazard? Here's how they can protect you and your home against a roof antenna attack from the skies. They've handled all sorts of claims and know exactly what type of protection you need before you ever need it. Luckily, an independent insurance agent can help you find protection against random acts of Mother Nature In addition to many other risks. And if such an event should happen, who's responsible to pay for the damage, you or your insurance? We'll tell you, and we'll tell you if you're covered. Obscure and unusual things happen every day, and as a homeowner you have every right to wonder if the antenna hanging out on your roof is at risk of being struck by lightning.
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