An estimated 88% of homeowners in the United States have an active home insurance policy, with around 5% of those insureds filing a home insurance claim each year, according to the Insurance Information Institute (Triple-I).
From 2018 to 2022, the average property damage claim payout was $15,747, Triple-I reports. Fire and lightning claims had the highest payouts, averaging $83,991.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
