March 20, 2019—Colorado passed Texas last year for the most costly hail damage on homes and vehicles insured by State Farm, according to a report released Monday, as noted by The Gazette.
State Farm policyholders from Colorado filed 66,800 claims totaling $598 million for hail damage to homes and vehicles, including 42,414 claims totaling $218 million for damage to vehicles.
Texas ranked second with $437 million in claims, followed by Illinois, Minnesota and Nebraska. The company paid $2.7 billion in 2018 from more than 280,000 hail-related claims.
The number of claims by State Farm Colorado policyholders in 2018 was up 57 percent from the 47,500 claims filed in 2017, while the dollar amount was up 37.2 percent from $436 million, according to the report.
