Insurance Availability and Use in Four Cities. Volume II: Business Responses by City Sample Questionnaires

摘要

This volume, one of three appendices to a survey of property insurance use in four cities, presents extensive tables showing businesses' survey responses in each city regarding types and uses of insurance. 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 multiple peril, fire, theft, and liability. Sources of insurance included the voluntary market, surplus lines, FAIR plan insurance, and Federal crime insurance, as well as combinations of these sources. A total of 29.5 percent of businesses surveyed had no kind of property insurance. Statistics presented cover types and sources of insurance by city, reasons for not having insurance, insurance cancellation and refusal rates, claims filed, sources and levels of information regarding insurance, types of business structures involved, property cleanliness and exterior safety, and physical protection of property. The forms and instruments used in conducting the survey also are included.