Funeral Home Quick Facts

Having more information means you can be better prepared.

Did you know?

• If you accidentally cremate jewelry the family wanted to keep, Nationwide can cover the cost of the lost item.
• Nationwide can include coverage for your lawn equipment under the building coverage on your policy, saving you money.
• If your main casket supplier suffers a loss, we can pay for the income you lose as a result.
• If you’re sued for failure to honor the final wishes of the deceased, we can pay any defense costs you face.
• If life insurance policies used as payment to you are lost or damaged, we offer accounts receivable coverage to reimburse you.
• The peak time for structure fires in funeral properties is between 10 a.m. and 1 p.m.
  – National Funeral Directors Association
• On average, there are 73 funeral home fires a year, resulting in $3.9 million in losses.
  – National Funeral Directors Association
• 22% of direct property damage results from fires that begin in attics, concealed spaces and ceilings.
  – National Funeral Directors Association
• 10% of all funeral home fires are a result of arson.
  – National Funeral Directors Association
• If you do not have the proper amount of coverage on your building, equipment and contents, you could end up paying part of a claim out of your company’s profits. Nationwide can assure you have the proper amount of coverage for your business.
• 89% of the funeral homes in the U.S. are owned by individuals, families or closely held private corporations and average 66 years in business.
  – National Funeral Directors Association
• The average funeral home handles approximately 182 calls per year, so ensuring that a loss resulting from your phone and other utility services being compromised is extremely important to your business.
  – National Funeral Directors Association
• The average cost of a funeral, as of July 2004, is approximately $6,500.
  – National Funeral Directors Association