What is the history of property insurance claims and where can I find details?
What is the history of property insurance claims and where can I find details?
Property insurance claims typically revolve around natural disasters, water damage, and fire. In recent years, claims in areas prone to hurricanes, like Florida and Texas, have surged due to increasing frequency and severity of storms. Historical claims data can often be obtained from insurance companies, state insurance departments, or third-party services that aggregate claims history. Websites like Insurance Information Institute (III) and The National Association of Insurance Commissioners (NAIC) also offer resources for understanding claims trends. Knowing the history of claims in a specific area can help homeowners assess risk and make more informed insurance choices.