Tag Archives: Super Bowl

Super Bowl Home Rentals and Insurance

We’re not football people, so the fact that the Super Bowl is happening in our back yard in New Jersey in early February, hasn’t registered yet.

However, the Insurance Information Institute (I.I.I.) just issued a press release that got us thinking, not just about touchdowns and field goals.

Before we look into renting out our house to Super Bowl fans, the I.I.I. cautions us and other like-minded homeowners to first contact our insurer to make sure we’re covered if our property is damaged or if someone is injured.

Apparently the market for properties near the Stadium in East Rutherford, New Jersey, eight miles west of mid-town Manhattan, is booming on peer-to-peer rental websites. Short-term rental prices for homes typically soar when the Super Bowl or other high-profile sporting events come to town.

So how do insurers approach this home-sharing scenario?

According to the I.I.I., some insurers may allow policyholders to use their property as a rental for a one-time, special occasion like the Super Bowl, as long as the insurer is informed about it ahead of time.

Other insurers, while allowing this type of arrangement, may insist on other criteria being met, such as the homeowner acquiring additional insurance coverage.

Some insurers, though, will consider any rental of your home to be a business venture, requiring the purchase of a business policy–specifically either a hotel or a bed and breakfast policy—because a standard homeowners insurance policy excludes losses arising from the operation of a business.

In the words of Jeanne Salvatore, senior vice president, Public Affairs, and consumer spokesperson for the I.I.I.:

Technological advances have allowed for the growth of the sharing economy. But, if you participate, it is your responsibility as a property owner to make sure you’re adequately covered.†

Check out I.I.I. information on the sharing economy and homeowners insurance.

Super Bowl XLVII: landslide victory, or historic upset?

Are you one of the millions of football fans who will be tuning in to Super Bowl XLVII on Sunday? If so, you may want to check out the Super Bowl Prediction System of sports statistician John Dewan.

Regular readers may remember that the system has made incorrect predictions the last two years, but Dewan is hopeful that this year the model will “get back to its winning ways.†

Consider this, the system continues to have a positive overall record of 28-14 (with four non-selections) and is 16 of the last 22, which is 73 percent.

That said, it appears the prediction system’s indicators show the 49ers to be overwhelming favorites to win this year’s Super Bowl.

The system uses 12 indicators to predict the winner. Each one of these indicators predicts the winner more than half the time. But taken together, the system is even more successful.

Dewan notes that the 49ers have the edge in all but two of the indicators. The lone Ravens advantage is in points scored during the regular season, and they only beat the 49ers by a single point, 398-397. The 10 categories the 49ers won were mostly convincing victories, including a 350.9 to 294.4 edge in opponent total yards per game and 2,491 to 1,901 edge in rushing yards for the season.

The Ravens did throw for more passing yards for the season with 3,739 to 3,298, but teams with more passing yards lose the Super Bowl more often than they win it, Dewan adds.

The most significant aspect of this year’s prediction?

Prior to this matchup, 10 Super Bowl teams had 10 or more of the 12 indicators in their favor. Nine of those 10 teams went on the win the game, most recently in the 2008-2009 season when the Steelers beat the Cardinals. Interestingly, the one team that failed to win a game with a 10-category advantage was the first team with that advantage, the Vikings in the 1969-1970 season’s Super Bowl. The Ravens will attempt to be the first team to beat those odds in 43 years.†

May the best team win.

And  please heed advice from the I.I.I.  to be a responsible host if you’re throwing a Super Bowl party this year.

Predicting the Super Bowl Winner

Who will win Super Bowl XLVI this Sunday?

If you’re wondering whether you should be backing the New York Giants or the New England Patriots look no further than the Super Bowl Prediction System of sports statistician John Dewan.

In his Stat of the Week, the owner of Baseball Info Solutions and co-publisher of ACTA Sports asks us to consider four things:

  1. The Patriots rank 31st in total defense (yards allowed) in the NFL this year.
  2. The Packers, another juggernaut, ranked 32nd and lost earlier in the playoffs.
  3. Defense wins championships, “they† say.
  4. The Super Bowl Prediction System loves defense.

But if you’re thinking this must mean the Patriots are going to lose making the New York Giants the next Super Bowl champs, the Super Bowl Prediction System suggests you’re wrong.

Dewan goes on to note that while the Patriots rank 31st in total yards allowed, it’s points, not yards that count in the score. In points allowed, the Patriots are in the top half of the league ranking 15th (allowing 342 points during the regular season) while the New York Giants rank 25th (allowing 400 points).

He says:

The Super Bowl Prediction System was off its game last year picking the Pittsburgh Steelers. The Green Bay Packers beat the Steelers 31-25. But the system still has a great track record. It has picked 16 of the last 21 winners (76 percent). This year, the system thinks the Patriots will avenge their Super Bowl XLII loss to the Giants.†

Dewan adds  that the Super Bowl Prediction System comprises 12 different statistical indicators and each one correctly predicts the Super Bowl winner 55-65 percent of the time. Evaluated collectively, the system is 76 percent in the last 12 games.

By the way, for those of you throwing a Super Bowl party, the I.I.I. has tips on how to be a responsible host.

Super Bowl XLV: Who Will Win?

This Sunday’s Super Bowl is nearly upon us and in keeping with our annual tradition we take a look at the prediction of sports statistician John Dewan to see if we should be cheering for the Green Bay Packers or the Pittsburgh Steelers.

In his Stat of the Week, the owner of Baseball Info Solutions and co-publisher of ACTA Sports says:

The betting lines currently favor the Packers, but the Super Bowl Prediction system picks the Steelers.†

Dewan’s unique Super Bowl prediction system comprises 12 different statistical indicators: five defensive, four offensive and three based on overall stats (the defensive ones are the strongest indicators overall). Each one taken by itself predicts the Super Bowl winner 55 percent to 67 percent of the time.

Taken collectively, the indicators have an even better track record. The system favors the team that wins the most indicators and it has predicted 16 of the last 20 Super Bowl winners.

This year the prediction system picks the Pittsburgh Steelers to win their seventh franchise Super Bowl and third in the last six years.

The system has the Steelers winning nine of the 12 indicators. For the record, teams with eight or more indicators have won 21 of 26 Super Bowls.

Looks like the statistical odds favor the underdog, so place your bets!

By the way, if you’re throwing a Super Bowl party, check out I.I.I. tips for being a responsible host.