For the 85% of American homeowners that carry home insurance, the thought of filing a claim and the subsequent influence it will have on their rates sends a shudder down the spine.
Fortunately, just 5.8% of insured homes have a claim during an average year, according to Insurance Information Institute data stretching from 2016-2020.
Data from Travelers Insurance Cos. shows wind, non-weather-related water damage, hail, weather-related water damage and theft, respectively, are the most common drivers of home insurance claims.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.