You know the terrible fear. You’re boating on a lake . . . or standing in an open field . . . or simply walking down the street . . . and suddenly the sky explodes with lightning, followed by the enormous crash of thunder.
When this happens, you’re right to feel wary. According to the National Lightning Detection Network® (NLDN®), more than 608,000 cloud-to-ground lightning flashes occurred in Tennessee last year, often causing monumental damage to homes, businesses, and other property in one cataclysmic assault. And that means your wallet can be right in the bull’s-eye.
According to recent statistics published by the Insurance Information Institute, American homeowners last year were forced to file more than 250,000 lightning-related claims, as a result of more than $1 billion in total losses. With electronic circuitry in homes and businesses increasingly more interconnected, the risk of lightning-related property damage in Tennessee is at an all-time high.
The Key Question Customers Ask
Over the years, many of A2Z’s customers have asked us, “Will my home and/or business policy protect against damage caused by lightning?”
The answer—as a general rule—is “yes.” Most standard homeowner’s and business-insurance policies do cover lightning-related damages, including lightning-related fire damage.
But there are a couple of important limitations you need to be aware of. Depending on how your policy is written, you may not get fully repaid because of depreciation of the insured property, or because of the size of your deductible.
The Best Way to Protect Your Home
and Business from Lightning
Here at A2Z Insurance, we recommend you adapt these 3 key strategies to protect yourself from the serious potential damage caused by lightning and lightning-related power surges or outages:
- Use state-of-the-art surge protectors to protect computers, TVs, and other valuable electronic devices.
- Acquire equipment-breakdown insurance. This type of insurance will protect your wallet if lightning causes power fluctuations that result in such things as emergency repairs, lost income, or even spoiled food.
- Use a service panel suppressor to manage large power surges before they enter your building. (These suppressor aren’t 100% foolproof, but they generally offer superior protection.)
Let’s face it: Lightning strikes are—by their very nature—volatile, frightening, and destructive. But you can take smart steps—right now—to protect your property, your loved ones, and your wallet. We hope you’ll always see A2Z as your friend in a storm—and before the storm.