On May 8th of 2017, we experienced the most expensive hail storm in Denver’s history. In its wake, as claims began to compound, the Rocky Mountain Insurance Information Association (RMIIA) estimated the storm, which brought strong wind and hail to the entire Front Range, would end up costing insurance companies around $1.4 billion. This estimate included claims for 100,000 autos and 50,000 homes.
According to the Denver Post, that number has been increased by $900 million, equalling a new estimated total of $2.4 billion, making last years Metro Denver hail storm $1.3 billion more expensive than any other in the Mile High CIty’s history.
Included in the adjusted numbers are $8.73 million in auto insurance claims. The slow moving storm hit in mid-afternoon, when hundreds of thousands of cars were in parking lots or on the road and entirely vulnerable to the onslaught of hail and debris. Cities in the Northern portion of the Metro area, including Wheat Ridge, Lakewood, and Golden, were hit the hardest. Some hailstones in northwest Denver were reported as being the size of baseballs, smashing windows and mirrors, and mercilessly denting exposed vehicles while owners watched helplessly from the safety of buildings - although those were not safe either.
These same stones that destroyed vehicles caused $1.4 billion in home damage as well, primarily through the destruction of roof shingles, sheathing, and even rafters. The association did not include data from business insurance claims in its numbers, which would have easily seen them doubled.
Are You Still Waiting for Payment?
Following this most recent bout of severe weather along the Front Range, many new auto and home insurance claims will be made, but thousands of people are still awaiting payment for last year’s hail storm. If you are among them, you may have recourse through legal action.
Insurance companies have been known to delay payments or slow the process of claim approval in order to maximize company profits. This bad faith practice places victims of property damage in a difficult position, not knowing if they can rely on help from insurance to repair damages to auto and home. If you are facing this situation, Denver hail damage attorneys Sean Leventhal and Jonathan Sar are here to help. Get in touch with us today to discuss the delay or denial of your storm damage claim to see if we can help you get the total compensation you are due.
The Front Range sees an average of 13 large hail events every year. While most of these will not do anywhere near the damage of 2017’s massive storm, each one causes damages that result in insurance claims. If you have been paying your premiums and your hail damage claim has been delayed or denied, Leventhal Sar LLC is here to help. Give us a call at 720.667.3030 or text us at 720-571-7433 to schedule a free consultation and learn more.