Hail is one of the most common causes of damage to homes, roofs, and cars. While hail is more common in parts of the country that experience humidity and frequent thunderstorms/tornadoes, it can strike anywhere. In 2017, hail damage affected more than 10.7 million properties and insured losses tipped the $10 billion mark in 2018.
During major hail storms, roofs tend to take most of the damage. Hail damage accounts of nearly 70% of insured property losses, making it one of the most common homeowners insurance claim.
Does homeowners insurance cover hail damage?
Most basic homeowners insurance policies cover structural property damage from perils and hazards, including hail. It is covered under what is referred to as dwelling protection coverage.
This type of coverage helps you pay for repairs caused by hazards such as storms, fire, vandalism, theft, and more. The amount covered depends on your policy. It is best to contact your insurance company to check your coverage.
When a storm hits and your roof is damaged by hail, you should file a claim with your homeowners insurance.
Make sure to take photos and document the damage. Cover any damage with a waterproof tarp to protect against more water damage. File your claim as soon as possible. Leaving damage open to the elements can cause even more problems down the line. Some insurance companies have adopted new limits for claims related to hail damage due to an increase of claims in recent years. The good news is that since hail damage is not preventable, insurance rates will not increase.
However, your homeowners insurance premiums could increase if you file multiple small claims or live in an area with a high risk of recurring claims year over year.
While there is no way to fully protect your home from hail, having reliable insurance can help with assessing and covering costs of damage.