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What percentage of a typical homeowners insurance premium dollar is used to pay losses?
Wiki User
∙ 12y ago
This changes from company to company and year to year. For the past few years it has been over 100% for most companies. State Farm has been loosing billions each year for the past several years. Insurance companies often loose money on claims and hope to make up for some or all of it by investing the premiums.
Wiki User
∙ 12y ago
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