III: Standard home insurance covers thunderstorm damages

Oftentimes, a lot is written about destruction from natural disasters like hurricanes and tornadoes, and rightly so. These types of events can, at times, cause massive amounts of damage to property – and even much worse.

But what about the common thunderstorm? Are most U.S. homeowners protected from damages that the typical thunderstorm can bring? This was the topic of a recent report from the Insurance Information Institute (I.I.I.) that was published following the spate of severe weather that has hit various parts of the U.S. recently.

“The recent devastation across multiple states demonstrates the need for everyone to prepare for severe weather,” Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I., said. “No matter where you live, you need to have the right amount and type of insurance to protect yourself financially.”

The I.I.I. noted that standard home insurance policies – as well as standard business insurance policies – do provide coverage for wind damage from thunderstorms. Auto insurance will provide wind damage protection, as well, but this type of coverage is typically included under optional comprehensive sections of auto policies.

According to the I.I.I. report, the insurance industry paid $30 billion in property claims for thunderstorms over the past three years, which is the highest amount in U.S. history.

Standard business and home policies typically cover wind damage from hurricanes and tornadoes, as well, but it is important to understand how flood insurance works and also to know when additional hurricane insurance or tornado insurance may be necessary. Approximately 1,200 tornadoes develop in the U.S. each year, the I.I.I. noted, and Spring is peak tornado season.