Homeowners insurance costs are skyrocketing in tornado-prone states, yet hail damage is the real concern for insurers. Premiums have jumped significantly across states like Kentucky, Nebraska, and Arkansas, largely due to increased claims from severe weather events. Hailstorms, while less deadly than tornadoes, affect vast areas and cause substantial damage, making them more costly to insure. Experts note that rising hail-related claims have prompted insurers to raise rates, reflecting a broader trend of increasing premiums nationwide, averaging a 24% increase in recent years.
"Even though tornadoes are a much more significant threat to life, most of the insured damages associated with severe weather come from hail."
"Hail has become an increasing contributor to claims in recent years due to frequency and severity, driving insurers to respond by raising premiums."
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