January 7th, 2009

Anybody have fire statistics?

I'm trying to figure out the approximate probability of having your house destroyed in any given year. I'm pretty sure that the major non-natural-disaster cause is fire, so I'm focusing on that.

Basically, I'm trying to back-of-the-envelope the EV of homeowners insurance, and I want to do it with "what are the odds that your house gets destroyed next year?"