What Are The Most Common Property Insurance Claims?

The most common property insurance claims vary depending on the location, climate, and other factors. However, here are some of the most typical claims that property owners file:

Water damage: This is the most frequent insurance claim made by property owners. Water damage can be caused by a burst pipe, frozen pipe, heavy rain, or flooding. It can lead to mold growth and structural damage.

Fire and smoke damage: Fires can cause significant damage to a property, and smoke can cause long-term harm to the building’s structure and contents.

Wind damage: Strong winds can cause damage to the roof, windows, and siding of a property. In areas prone to hurricanes and tornadoes, wind damage is a significant concern.

Theft: Burglary and theft are common property insurance claims. They can include damage to property caused during a break-in or stolen personal property.

Liability: Liability claims can arise when someone is injured on your property or if you damage someone else’s property.

Hail damage: Hail can cause significant damage to a property’s roof, windows, and siding.

Vandalism: Vandalism can cause significant damage to a property and can include broken windows, graffiti, and other damage.

It’s important to note that these are just some of the most common property insurance claims, and other claims can arise, depending on the situation.