Insurance Availability and Use in Four Cities. Volume III: Occupant Responses by Type of Policy and Source of Policy

摘要

This volume, one of three appendices to a survey of property insurance use in four cities, presents extensive tables showing residential occupants' survey responses according to types and sources of insurance policies purchased. The study's goal was to determine the availability and affordability of essential property insurance coverage under Fair Access to Insurance Requirements (FAIR plans) and through the residual risk market. It was intended to aid Congress in deciding whether to amend the Urban Property Protection and Reinsurance Act of 1968. Cities studied were New York, Miami, Detroit, and Los Angeles. Types of insurance studied included homeowners, fire, theft, and liability. Sources of insurance included the voluntary market, surplus lines, FAIR plans, and Federal Crime insurance, as well as combinations of these sources. Statistics presented cover types and sources of insurance purchased, reasons for not having insurance, policies cancelled and refused, claims filed, sources and levels of information regarding insurance, respondents' economic situation and other characteristics, and related information.