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For immediate release
Midwest Press Office: Scott Holeman, 785-760-3777, scotth@iii.org
KANSAS CITY, Mo., July 17, 2023—Homeowners, renters, businesses, and vehicle owners who incurred property damage last weekend in Kansas and Missouri need to know how the insurance claim filing process works, according to the Insurance Information Institute (Triple-I).
A line of convective storms swept through those two states starting on Friday, July 14 and continued into the weekend, knocking down trees and leaving tens of thousands without power.
Convective storms are the result of warm, moist air rising from the earth. The storms materialize in various ways, depending on atmospheric conditions – from drenching thunderstorms with lightning, to tornadoes, hail, or straight-line winds.
Residents and businesses with property damage from these storms should take the following steps, Triple-I says:
Property damage caused by windstorms, hail, and lightning is covered under standard homeowners, renters, and business insurance policies. Vehicles damaged by debris, such as falling trees, are covered under the optional comprehensive portion of an auto insurance policy. Nearly 80 percent of U.S. drivers have purchased comprehensive coverage.
Property damage to businesses caused by windstorms, hail, and lightning is typically covered under either a Business Owners Policy (BOP) or a Commercial Multiple Peril (CMP) policy.
RELATED LINKS:
Issues Brief: Convective Storms: State of the Risk (2022)
White Paper: Severe Convective Storms: Evolving Risks Call for Innovation to Reduce Costs,
Drive Resilience (2020)