April is the beginning of the hail season. Here you can find tips on how to protect yourself and your property in case of hail and wind. See also video: Hail and wind safety tips.
Hail -related insured losses between 2000 and 2019 averaged between $8 billion to $14 billion a year, according to Aon. There were 3,763 major hailstorms in 2021, according to the NOAA’s Severe Storms database.
State Farm paid out over $3.1 billion in hail claims in 2020, according to an April 2020 analysis by the insurer. Texas was the state with the most hail claims paid for auto and home insurance, with $474.6 million in losses, followed by Illinois ($394.2 million), Minnesota ($259.2 million) and Missouri ($236.9).
Property hail claims
According to Verisk’s 2021 report, The Hail Hazard and Its Impact on Property Insurance, 6.2 million properties in the United States experienced one or more damaging hail events in 2020, about a million fewer than in 2019, reflecting the frequency fluctuations noted over the past 10 years. 2020 claims resulted in almost $14.2 billion in losses. Texas had the highest number of properties affected by hail, over 1.5 million properties, accounting for almost a quarter of total U.S. properties affected. Illinois followed with about a half-million properties affected, and Indiana ranked third with about 372,000 properties affected. Besides reiterating the spread of the hail peril into all states and the low frequency/high severity of hail occurring at irregular intervals, the report discusses the long tail aspect of hail losses due to the vulnerability of roofs to hail damage, which is often out of sight.
Top Five States By Number Of Major Hail Events, 2021 (1)
|Rank||State||Number of hail events|
* (1) Hailstones one inch in diameter or larger.
If you are looking for reliable hail protection for your vehicle, you can take a look at our different models of Hail Car Covers.
Source of information & photo: Article by the Insurance Information Institute, U.S. Department of Commerce, Storm Prediction Center, National Weather Service.