There are about 130 million homes in the US and I am guessing about 200 million households (apartments+). The loss cost for dog bites is about $4.50 per household which probably means that about $9 of our annual HO premium is for dog injuries.
One house or apartment for each of 330 million US citizens?
There’s only 7 seas and two polar land/ ice masses for the thousands of polar bears on Earth. Bummer!
While there might be around 200 million households including single people in apartments, we should probably focus on the number of insured units since I am guessing that this article is applying insured losses from canines.
From a site called ValuePenguin, there are 63 Million HO policies not including renters or condos. There are about 5 Million Condo units in the United States. There are about 140 apartment units in the country in which maybe 20% carry renters insurance.
If we take insured homes and apartments and condos, we might guess that the loss cost could around $10 per policy or a premium charge of around $20 per policy. HO policies are more likely to have dogs, but apartments with dogs may carry greater risk due to the population density.
There are about 130 million homes in the US and I am guessing about 200 million households (apartments+). The loss cost for dog bites is about $4.50 per household which probably means that about $9 of our annual HO premium is for dog injuries.
One house or apartment for each of 330 million US citizens?
There’s only 7 seas and two polar land/ ice masses for the thousands of polar bears on Earth. Bummer!
Hi PolarBearRepeal:
While there might be around 200 million households including single people in apartments, we should probably focus on the number of insured units since I am guessing that this article is applying insured losses from canines.
From a site called ValuePenguin, there are 63 Million HO policies not including renters or condos. There are about 5 Million Condo units in the United States. There are about 140 apartment units in the country in which maybe 20% carry renters insurance.
If we take insured homes and apartments and condos, we might guess that the loss cost could around $10 per policy or a premium charge of around $20 per policy. HO policies are more likely to have dogs, but apartments with dogs may carry greater risk due to the population density.