While less common than flooding, fires and other natural disasters, lightning strikes are prone to cause significant damages to American homes. The Insurance Information Institute (III) identified nearly 100,000 homeowners who made claims for lightning related damages throughout 2014, totaling over $739 million.
The data presented by III shows that the total number of claims in 2014, while still significantly high, was at a 5 year low. There were over 213,000 reported insurance claims in 2010 as a result of lightning strikes, which cost the insurance industry over $1 billion.