Source: Insurance Information Institute, 2025 (most current data available) Damage from wind and hail is the most common type of homeowners insurance claim, but fires are generally the most expensive. Homeowners’ Losses by Severity of Claims (weighted average, 2019–2023) Why Homeowners Depend on Insurance Theft $5,524 Fire/lightning $88,170 Bodily injury/property damage (liability) $37,174 Wind/hail $14,747 Medical payments (liability) $11,886 Water damage/ freezing $15,400
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