Restorers: How well do you know insurance history?
NEW YORK — Restoration professionals work with insurance companies all the time, but few know the long history of homeowners’ insurance.
A recent article from Property Casualty 360ο provides the nearly 300-year-long history of homeowners' insurance in a timeline, from its humble beginnings in 1730 to the Chicago Fire’s disastrous effect on the industry and into modern day.
Did you know that, according to the article, insurance credits for using fire resistant building materials goes all the way back to the 1800s? Or that Ben Franklin’s Philadelphia Contributionship was the first to underwrite fire?
To learn more about the history of an industry you work with all year long, click here for the full story.