Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
If respondent purchases insurance to cover property damage.
3A1. On a cost per unit of coverage basis, has the price of insurance covering property damage over the last year or so:? By what percentage has the price risen for property damage coverage?
Response | ||||
---|---|---|---|---|
1 | Risen - 50+ percent | 5 | ||
2 | Risen - 20 - 49 percent | 13 | ||
3 | Risen - < 20 percent | 31 | ||
4 | Risen - DK/Refuse | 8 | ||
5 | Stayed about the same | 36 | ||
6 | Fallen | 2 | ||
7 | DK/Refuse | 6 | ||
Total (%) | 101 | |||
N | 614 |
Notes: Fifty-seven (57) percent of small employers who have property damage insurance had premium increases in the last year (Q#3A1).