Peril: Explosion

The explosion peril in homeowners insurance covers damage caused by explosions, regardless of whether they originate inside or outside the property. It protects the structure of the home, personal property, and other insured structures from explosion-related damage. Common causes include gas leaks, faulty equipment, or other accidental explosions. Coverage terms may vary, and intentional explosions or excluded events are typically not covered.

The following circumstances are specifically excluded from this peril:

  • Burst water pipes (sudden and accidental bursting of pipes is covered under another area of the policy)
  • Electrical arcing
  • An explosion of a steam boiler or pipes that are owned, leased, or operated by the insured
  • Ruptured or burst pressure relief devices

AVERAGE COST PER EXPLOSION CLAIM: 

$77,340

(Insurance Information Institute, 2023)

According to the Insurance Information Institute, in 2022, 522,500 properties were damaged by fire.

Insurance policy types (forms) that cover this peril

No items found.
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"Explosion peril? Oh, now we’re talking Michael Bay-level drama! Gas leaks, faulty fireworks, or that one time you tried to deep-fry a turkey and ended up recreating the Fourth of July in your backyard—covered! Just don’t get any ideas about testing out homemade rocket fuel—insurance has limits, and stupidity might be one of them. Boom!"
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