Each year, hail is responsible for more than $1 billion in property damage across the U.S., with the Midwest and Great Plains states seeing the bulk of that damage, according to Insurify.com.
Much like other secondary perils, damage from hailstorms has become increasingly severe in recent years. For example, State Farm saw a total of $3.5 billion in claims paid to cover damage caused by hail. Around $2.9 billion of that total went to cover home insurance claims, while $600 million covered claims against State Farm auto policies, the company reported.
When it comes to repairing a hail-dented car, the cost can range from $30 to more than $300 per dent, according to Insurify, which noted the average total cost is around $3,000. Typically full coverage auto will pay for these repairs.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
