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<br />content value by the total structure value, The second method results
<br />
<br />in giving more weight to the structures and contents of high value.
<br />
<br />
<br />Because the number of claims available for analysis within CNA's
<br />
<br />
<br />four state area was relatively small national claim data was also
<br />
<br />
<br />analyzed. The following table indicates some of the statistics using
<br />NFIA claim data from October, 1975 through June, 1977.
<br />f (0 'L-
<br />fR.:. 1'/ It? 117.
<br />
<br /> Actual Cash Actual Cash Ratio of
<br /> Value of Value of ACV of Con-
<br />Type of Contents / II Structure/ tents to ACV
<br />Structure of Claims II of Claims of Structure
<br />Single Family Residential
<br />Mobile Home $ 6,197; 132 $13,528; 237 .46
<br />One-story w/basement 14,815;2,153 27,676;3,549 .54
<br />One-story no basement 13,875;3,550 27,480;5,210 .50
<br />Two or more story
<br />w/basement 15,262;2,373 33,354;4,488 .46
<br />Two or more story
<br />no basement 14,885;826 34,610;1,109 .43
<br />Single Family Residential
<br />Total 14,518;9,330* 29,931;14,959* ,49
<br />2-4 Family Residential 17 ,584 ;567 44,865;1,101 .39
<br />Other Residential 12,443;291 140,347;627 .09
<br />Non-Residential (commercial) 54,473;1,931 98,039;1,780 .56
<br />
<br />*Includes those for which type of structure was not coded,
<br />
<br />The above table shows that for single family residential structures,
<br />
<br />the value of contents is about 49% of the structure value, based upon an
<br />
<br />
<br />analysis of total content and structure value divided by the number of
<br />
<br />
<br />paid losses. For small business and commercial, the ratio increases to
<br />
<br />
<br />.about 56%. The content to structure ratio of 49% based upon actual cash
<br />
<br />value accounting is believed to be too high by the author. Within this
<br />
<br />occupancy category, the number of content claims is 62% of the number of
<br />
<br />
<br />structure claims. Ideally, for a valid analysis, one should look only
<br />
<br />
<br />at claims where the property owner had insurance on both contents and
<br />
<br />27
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