Travelers Reports Most Common and Costliest Home Damages in New Interactive Report
Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property casualty insurance for home, auto, and business.
The Travelers Companies, Inc. has released a report titled “Top Ways Things Can Go Wrong” which analyzes claim data from the company’s national homeowners insurance claims between 2009 to 2016. The interactive report looks at the types of claims that seem to be most common in four regions of the US and in some of its largest metropolitan areas and also breaks the claims down seasonally.
The report identifies the top causes of home damage including the most common and the most expensive. The top five most common damages to homes include Wind (24%), Non-Weather Water (20%), Hail (16%), Weather-Related Water (11%), and Theft (6%). The top five most expensive damages to homes include Fire (25%), Hail (20%), Non-Weather Water (17%), Wind (17%), and Weather-Related Water (7%). The claims data also found that Spring created the highest number of claims and that when broken down regionally (Northeast, South, West, Midwest), the South recorded nearly half of the total claims at 46%. In metropolitan areas it was found that wind damage was both most common and costliest.
Additional information and valuable tips can be found by visiting the interactive Top Ways Things Can Go Wrong report.
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