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?"
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?"
