Sadly, a home fire is reported in the United States every 86 seconds and 33 percent of home fires are started by children 6-9 years old, according to the National Fire Protection Association (NFPA).
In 2015, 77 percent of structure fires were in residential properties.
NFPA data reveals that structure fires caused a total of $10.3 billion in damage — with the majority of the losses sustained by residential properties ($7.2 billion), according to the Insurance Information Institute.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
