Lightning strikes can cause extensive property damage, from electrical system failures to structural fires. While most insurance policies cover lightning-related damage, insurance companies may undervalue claims, limit payouts, or delay processing, leaving you with unexpected costs.
At FairVantage, we help homeowners and business owners navigate the claims process to ensure they receive a fair and accurate settlement.
What Does Insurance Cover?
Most homeowners' and commercial property insurance policies provide coverage for lightning-related losses, including:
✅ Fire Damage – If a lightning strike causes a fire, structural repairs, roof replacement, and interior restoration are typically covered.
✅ Power Surges & Electrical Damage – Sudden voltage spikes from lightning can fry appliances, HVAC systems, computers, and wiring.
✅ Roof & Structural Damage – Lightning strikes can cause cracked roofing materials, blown-off shingles, or even structural collapse.
✅ Electronics & Personal Property Loss – Coverage includes damaged TVs, computers, home security systems, and other electronics affected by the surge.
✅ HVAC & Major Appliances – Air conditioners, refrigerators, and other large appliances damaged by electrical surges may be covered.
✅ Tree & Debris Removal – If a tree is struck by lightning and falls on your home, your policy may cover removal and repairs for any resulting damage.
✅ Additional Living Expenses & Business Interruption – If your home is uninhabitable or your business must shut down due to lightning damage, temporary housing or lost revenue may be covered.
Common Exclusions & Limitations
🚫 Gradual Electrical Wear & Tear – Policies do not cover pre-existing wiring issues or outdated electrical systems.
🚫 Power Surges Not Directly Caused by Lightning – If a surge originates from a utility issue rather than a lightning strike, your claim may be denied.
🚫 Limited Coverage for Electronics – Some policies cap payouts for computers, gaming systems, and home entertainment equipment.
🚫 Tree Removal Without Property Damage – If a lightning-struck tree falls without damaging insured structures, removal costs may not be covered.
Steps to Filing a Lightning Damage Claim
1️⃣ Document the Damage – Take clear photos and videos of all affected property, including charred areas, damaged electronics, and burnt wiring.
2️⃣ Check for Hidden Damage – Electrical issues may not be immediately visible. Have a licensed electrician inspect your wiring and systems.
3️⃣ Secure Temporary Repairs – Prevent further damage by covering exposed areas, unplugging electronics, and restoring power safely.
4️⃣ Notify Your Insurance Company – Report the claim as soon as possible and provide detailed documentation of losses.
5️⃣ Request a Professional Inspection – Insurance adjusters may overlook hidden structural or electrical damage. A FairVantage expert ensures all affected areas are documented.
6️⃣ Obtain Replacement Estimates – Gather estimates for electrical repairs, appliance replacements, and structural damage to compare with the insurer’s assessment.
7️⃣ Review the Settlement Offer – If your insurance company undervalues your losses, you have the right to dispute the payout.
How FairVantage Can Help
At FairVantage, we:
✔️ Conduct thorough property assessments to document all electrical, fire, and structural damage.
✔️ Review your policy to maximize coverage for appliances, wiring, and personal property losses.
✔️ Negotiate with insurance adjusters to secure a fair and accurate settlement.
✔️ Assist in disputes, appraisals, and mediation if your claim is denied or underpaid.
