Articles tagged with 'claim costs' | State Farm

In 2020, State Farm paid out nearly $30 million on homeowner's claims because of damage caused by washing machine hose failure. Why the steep price tag? Simply put - the water damage the failure leaves behind.A washing machine hose holds about 70 …

Lightning can strike at any time and cause damage to structures, electronics, and home appliances. According to State Farm’s 2020 claims data, the average claim cost for a lightning strike is nearly $12,000. Ground surges are the number one …