Water damage and freezing is a leading cause of home insurance claims. In 2019, water/ice-related claims accounted for approximately 29.4% of all homeowners insurance losses.
The average home insurance claim amount is $12,474.
78% of all home insurance policies are HO-3 Policies. This means they are named peril (meaning you're only covered against fire, wind, lightning, explosion, theft, and vandalism.)