Hippo Report Finds Many US Homeowners Misunderstand Weather Insurance Coverage

A 2026 Extreme Weather Report by Hippo Insurance Services found that 37% of surveyed US homeowners could not confidently explain what their homeowners policy covers for weather-related damage. The report also noted that half of all US homeowners have paid out of pocket for weather-related home damage in the past three years. For those who incurred costs, 22% are still carrying that debt.

The findings suggest a widespread disconnect between homeowner preparedness and policy knowledge, complicating assumptions about risk management in the housing sector. The report indicates that 55% of homeowners did not know their own deductible, which contributed to financial strain for many.