Can you guess which issues result in the most homeowner’s insurance claims? Is it water leaks, burglaries, or house fires?
Actually, it’s none of the above. Across the country, wind and hail claims top the list. These weather-related problems can tear off shingles and cause roof damage that eventually leads to leaks.
While these claims are the most common, they’re not the most expensive. Fires, on the other hand, are among the costliest homeowner’s insurance claims. The bright side is that fires are much less frequent, affecting only about half a percent of policies nationwide.
