Sydney hail storm update
The latest available data for the Sydney hail storm catastrophe places the estimated value of the event at $1,038,704,566 (82 per cent domestic, 18 per cent commercial) with 118,886 (93 per cent domestic, 7 per cent commercial) claims lodged.
The December 20, 2018, hail storms that battered Sydney and many other NSW communities and the ICA declared a Catastrophe for this event just days before Christmas.
The breakdown of the figures are as under:
26,322 Residential Building Claims, 18.72 per cent closed, average value $14,047
5,546 Contents Claims, 29.05 per cent closed, average value $4,453
78,221 Domestic Motor Claims, 14.15 per cent closed, average value $5,799
56 Domestic Other
1,676 Commercial Property Claims
6,488 Commercial Motor Claims
527 Business Interruption Claims
50 Commercial Other (including crop, marine, aviation).
The next data collection date is 14 March. Previous posts related to this event are available here, here and here.