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Aging homes, growing values driving up insured losses from convective storms
By Steve HalloOlder houses are over 3.5 times more likely to generate new hail claims than recently built houses.
News and information for property & casualty insurance agents & brokers on personal lines insurance, including homeowners insurance, flood insurance, earthquake insurance, renters insurance, automobile insurance, life insurance, disability insurance, umbrella insurance and health insurance. These insurance products protect individuals and families against potentially crushing financial losses caused by fire, theft, natural disasters, death, accidents, lawsuits and illness.
Older houses are over 3.5 times more likely to generate new hail claims than recently built houses.