Hail is a common loss event for policyholders around the globe, and insurance companies pay out millions of dollars in hail claims every year Hail damage is covered by standard home insurance in most states. However, coverage is applied in many ways, depending on where you live, your insurer and how your policy is set up.
Average insurance payout for hail damage
The average homeowner claim totalled nearly $12,000, according to State Farm 2020 hail claims data. For auto hail damage insurance petitions the average payout was about $4,300. Of course, your claim may be higher or lower. Regardless of the amount, an insurer will usually cover the damage minus the deductible.
Does homeowners insurance cover hail damage?
Homeowners insurance offers protection against hail damage to your home's structure. But insurers in states where hailstorms are common to limit the coverage or increase the premium. So, if you want protection from such events, make sure that you are being fully covered and check for restrictions on your homeowners' policy before purchasing it.
Hailstorms can cause significant damage. In many cases, wind and hail damage to the roof can be repaired without a full roof replacement or total home repair. If your roof has been damaged by hail, it's best to contact an expert for an independent assessment before you decide to file a hail damage claim with your insurance company.