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).
