Which specific information is crucial for insurers when assessing household risk?

When insurers assess household risk, the ownership of the property is a critical factor. This is because ownership often indicates the level of control the policyholder has over the property, which can influence risk management strategies. For example, a homeowner might be more invested in maintaining the property and taking preventative measures against loss or damage, while a tenant may have different incentives.

Insurers may also consider how ownership affects the underwriting process, as owners may have greater responsibilities for the maintenance and security of the property and thus may be seen as lower risk compared to those who do not have a vested interest in the asset's upkeep. Understanding ownership helps insurers assess the circumstances of the property and potential risks more effectively.

While insurance history, previous claims, and the insured's name can provide useful information regarding risk assessment, they do not convey the same level of insight into how the property is managed and maintained, which is why ownership is particularly crucial for evaluating household risk.