According to the National Fire Protection Association, in 2014 the total cost of fire was $328.5 billion, which was 1.9% of U.S. Gross Domestic Product (GDP). Over the years 1980 to 2014, the total cost of fire increased by 50.3%.1Source: NFPA. Total Cost of Fire in the United States. October 2017. Learn More
Of course, preventing injury or loss of life is the most important component of fire safety, but we also need to recognize that the costs of fires go well beyond our physical well-being.
Property loss can be devastating even if there are no physical victims. Photos and family heirlooms are priceless and often irreplaceable, and losing such precious items and memories associated with the home can be quite emotional.
Furthermore, loss of business, retail costs, rebuilding costs, etc., can all add up to the point where a business or individual may not be able to recover, and therefore deeply impactful.