Where Do Natural Disasters Affect Home Insurance Costs?

WHERE D O NATURAL In 2010, the U.S. fell prey to more natural disasters than the country had sustained in a single year in at least 60 years. Some states are, of course, much more likely to be DISASTERS MOST AFFECT slammed by the blows mother nature has to offer. With all of the recent catastrophes, we thought it rather timely to HOME INSURANCE COSTS? see what kind of effect natural disasters have on home insurance costs in each state, if any at all. 33 No Losses $1-100 $101-$200 $200-$300 $300+ <$600 $601-$800 $801-$1,000 $1,000+ AVERAGE ANNUAL PROPERTY LOSS* PER HOUSEHOLD AVERAGE HOME INSURANCE COSTS IN 2008** FROM NATURAL DISASTERS OCCURRING BETWEEN 2000-2009 CATOSTROPHES FACTORED INTO LOSS ESTIMATES Earthquakes · Fire Hurricanes · Riots · Tropical storms · Utility service disruptions Volcanic eruptions · Water damage · Wildland fires · Wind and thunderstorm events · Winter storms VERMONT NEW HAMPSHIRE MASSACHUSETTS RHODE ISLAND ১৯৯ CON NNECTICUT NEW YORK NEW JERSEY DELAWARE MARYLAND 33 WASHINGTON DC THE TOP FIVE LOUISIANA MISSISSIPPI FLORIDA TEXAS NEW YORK $1,708 $1,212 $388 $274 $267 AVERAGE ANNUAL PROPERTY LOSS* PER HOUSEHOLD FROM NATURAL DISASTERS OCCURRING BETWEEN 2000-2009 TEXAS FLORIDA LOUISIANA OKLAHOMA MASSACHUSSETTS $1,460 $1,390 $1,155 $1,048 $1,026 AVERAGE HOME INSURANCE COSTS IN 2008** ** Insured property losses resulting from catastrophes. **Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides "all risks" coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written. SOURCES: credit sesame http://www.iso.com/insurance/natural-disasters BY: http://www.ii.org/media/facts/statsbyissue/homeowners http://www.census.gov/popest/states/NST-ann-est. html www.creditsesame.com