Things To Know About Home Insurance By BILL SPANIEL California Society Of CPAs What would happen if your home was damaged or broken into? Average insurance claims range from about $3,600 for theft to just over $37,000 for fire or lightning damage, according to ISO, a Verisk Analytics company. When you’re making decisions about your home insurance coverage, the California Society of CPAs (CalCPA.org) recommends keeping this advice in mind.