Once you have secured insurance coverage for your home, you can have some peace of mind that you are prepared for most possible losses.
Losses to home and property can come in all forms, shapes, and sizes, and occur because of natural disasters, theft, fire, or other reasons.
Patterns in homeowners insurance claims are influenced year to year by environmental factors such as the severity of weather events like hurricanes, winter storms, flooding, and other types of catastrophic weather occurrences.
Of course, there are always those rare—although not unheard of—homeowners claims such as a sinkhole claim.
According to data from the Insurance Information Institute, there are thousands of small sinkholes that appear and cause claims in the U.S. each year.
While you may not experience a sinkhole, there are other types of homeowner claims that you are much more likely to experience. Statistics show that approximately one in 15 homeowners will file some type of insurance claim each year.
