According to the ISO statistics, there are eight common home insurance claims. They arrived at that figure by studying the claims per 100 houses over a year.

Here are the said claims:

• All-other property damage
• Bodily injury and property damage
• Credit card and the other
• Fire and lighting
• Medical payment and other
• Theft
• Water damage and freezing
• Wind and hail

Of the lot, “wind and hail” claims are the most common, with a score of 2.45 points on a 3 point scale. And there is no contention against that fact. Tornadoes, for example, wreak damages on homeowners so much so that they move them to claim insurance policies.

After wind and hail, the second most frequent claim is water damage and freezing with a 1.9 points. And the least of the lot are the claims over credit cards.

Bottom line: the chances are that if your claims fall into any of the said eight categories, any home insurance provider will readily help you.

Severity Of The Common Home Insurance Claims

Funnily enough, wind and hail, though is the claim with the highest frequency, is not even the most severe home insurance claim. On a scale of $0-$90k, it only ranks fourth with a sum of $10,801. The most astounding part: claims from “water damage and freezing” are even more severe and expensive than wind and hail.

Also, “bodily injury and property damage” claims are more expensive than wind hail. They are even costlier than “wind and hail” and “water damage and freezing” claims combined at a quote of $29,752.

But from the lot, the most severe claim is fire and lightning. It can cost up to $78,838. And mind you, that is not an exaggeration; fire can be destructive to both properties and lives.

But good news — all home insurance policies cover fire claims. So, it is easy to find if you are particularly interested in getting one for your residence.