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Average Homeowners Losses, 2018-2022 (1)
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(Weighted average, 2018-2022)

Cause of loss Claim frequency (2) Claim severity (3)
Property Damage (4) 5.69 $15,570
     Fire and lightning 0.24 83,991
     Water damage and freezing 1.61 13,954
     Wind and hail 2.82 13,511
     Theft 0.14 5,024
     All other (5) 0.89 7,798
Liability (6) 0.09 $26,175
     Bodily injury and property damage 0.07 31,690
     Medical payments and other 0.03 13,081
     Credit card and other (7) (8) $34,183
Average (property damage
and liability), 2018-2022		 5.79 $15,747

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.
(9) Claim severity for credit card and other is significantly lower than was shown in previous years due to a change in the companies surveyed to produce the data. The new selection of companies use different exclusions which have been applied throughout the five years used in this chart.

Source: ISO®, a Verisk Analytics® business.

 

Archived Tables

AVERAGE HOMEOWNERS LOSSES, 2003-2007 (1)
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(Weighted average, 2003-2007)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage    
Fire, lightning and debris removal

0.52

$24,153
Wind and hail

2.13

7,163
Water damage and freezing

1.42

5,531
Theft

0.50

2,494
All other (4)

1.06

3,532
Liability

 

 
Bodily injury and property damage

0.14

15,854
Medical payments and other

0.08

3,055
Credit card and other (5)

(6)

927
Average (property damage and liability), 2003-2007

5.84

$7,368
(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Includes vandalism and malicious mischief.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(6) Less than 0.01.

Source: ISO.

 
AVERAGE HOMEOWNERS LOSSES, 2004-2008 (1)
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(Weighted average, 2004-2008)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage    
Fire, lightning and debris removal 0.51 $25,375
Wind and hail 2.26 7,554
Water damage and freezing 1.40 5,895
Theft 0.49 2,609
All other (4) 0.89 3,850
Liability    
Bodily injury and property damage 0.11 17,941
Medical payments and other 0.06 1,864
Credit card and other (5) 0.07 6,444
Average (property damage and liability), 2004-2008 5.78 $7,864

(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Includes vandalism and malicious mischief.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.

Source: ISO.

 
AVERAGE HOMEOWNERS LOSSES, 2005-2009 (1)
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(Weighted average, 2005-2009)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage    
Fire, lightning and debris removal 0.49 $27,691
Wind and hail 2.19 6,881
Water damage and freezing 1.44 6,347
Theft 0.50 2,805
All other (4) 0.88 4,083
Liability    
Bodily injury and property damage 0.11 18,050
Credit card and other (5) 0.08 5,790
Medical payments and other 0.05 1,940
Average (property damage
and liability), 2005-2009		 5.73 $7,876

(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Includes vandalism and malicious mischief.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.

Source: ISO, a Verisk Analytics company.

 
AVERAGE HOMEOWNERS LOSSES, 2006-2010 (1)
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(Weighted average, 2006-2010)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage    
Fire, lightning and debris removal 0.44 $31,762
Wind and hail 2.13 6,476
Water damage and freezing 1.52 6,965
Theft 0.49 3,057
All other (4) 0.92 4,601
Liability    
Bodily injury and property damage 0.12 18,351
Medical payments and other 0.05 2,128
Credit card and other (5) 0.00 $10,800
Average (property damage
and liability), 2006-2010		 5.69 $8,203

(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Includes vandalism and malicious mischief.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.

Source: ISO, a Verisk Analytics company.

 
AVERAGE HOMEOWNERS LOSSES, 2008-2012 (1)
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(Weighted average, 2008-2012)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 7.16 $8,255
Fire, lightning and debris removal 0.43 34,306
Wind and hail 3.37 7,307
Water damage and freezing 1.79 7,195
Theft 0.52 3,428
All other (5) 1.04 4,684
Liability (6) 0.17 $14,021
Bodily injury and property damage 0.12 18,804
Medical payments and other 0.05 2,256
Credit card and other (7) (8) $581
Average (property damage
and liability), 2008-2012		 7.32 $8,384

(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and miscellaneous losses.
(8) Less than 0.01.

Source: ISO®, a Verisk Analytics® company.

 
AVERAGE HOMEOWNERS LOSSES, 2009-2013 (1)
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(Weighted average, 2009-2013)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 6.87 $8,668
Fire and lightning 0.40 37,153
Wind and hail 3.20 7,741
Water damage and freezing 1.79 7,479
Theft 0.50 3,620
All other (5) 0.98 4,757
Liability (6) 0.16 $14,412
Bodily injury and property damage 0.11 19,466
Medical payments and other 0.05 2,560
Credit card and other (7) (8) $592
Average (property damage
and liability), 2009-2013		 7.02 $8,793

(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies. Excludes Alaska and Texas.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First-party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.

Source: ISO, a Verisk Analytics company.

 
Average Homeowners Losses, 2010-2014 (1)
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(Weighted average, 2010-2014)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 6.83 $9,024
Fire and lightning 0.38 39,791
Wind and hail 3.13 8,041
Water damage and freezing 1.86 7,958
Theft 0.47 3,786
All other (5) 0.99 4,800
Liability (6) 0.15 $15,221
Bodily injury and property damage 0.10 20,453
Medical payments and other 0.04 2,598
Credit card and other (7) (8) $554
Average (property damage
and liability), 2010-2014		 6.98 $9,155

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Arkansas and Texas.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2011-2015 (1)
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(Weighted average, 2011-2015)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 6.64 $9,640
Fire and lightning 0.35 43,983
Wind and hail 2.86 8,313
Water damage and freezing 2.13 8,861
Theft 0.42 3,990
All other (5) 0.88 5,048
Liability (6) 0.14 $16,368
Bodily injury and property damage 0.10 22,100
Medical payments and other 0.04 2,875
Credit card and other (7) (8) 3,828
Average (property damage
and liability), 2011-2015		 6.78 $9,779

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2012-2016 (1)
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(Weighted average, 2012-2016)

Cause of loss Claim
frequency (2)		 Claim
severity (3)
Property damage (4) 5.79 $10,440
     Fire and lightning 0.31 50,315
     Wind and hail 2.38 8,625
     Water damage and freezing 1.99 9,633
     Theft 0.37 4,146
    All other property damage (5) 0.74 5,052
Liability (6) 0.13 17,228
     Bodily injury and property damage 0.09 23,010
     Medical payments and other 0.04 2,864
     Credit card and other (7) (8) 441
Average (property damage and liability), 2012-2016 5.92 $10,592

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2013-2017 (1)
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(Weighted average, 2013-2017)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 5.39 $12,322
     Fire and lightning 0.28 68,322
     Wind and hail 2.10 10,182
     Water damage and freezing 2.05 10,234
     Theft 0.31 4,264
     All other (5) 0.66 5,823
Liability (6) 0.12 $19,531
     Bodily injury and property damage 0.08 26,085
     Medical payments and other 0.03 3,465
Credit card and other (7) (8) $368
Average (property damage
and liability), 2013-2017		 5.51 $12,474

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2014-2018 (1)
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(Weighted average, 2014-2018)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 5.53 $13,687
     Fire and lightning 0.28 79,785
     Wind and hail 2.30 11,200
     Water damage and freezing 2.05 10,849
     Theft 0.26 4,391
     All other (5) 0.64 6,598
Liability (6) 0.11 20,371
     Bodily injury and property damage 0.08 26,872
     Medical payments and other 0.03 3,707
Credit card and other (7) (8) $8,273
Average (property damage
and liability), 2014-2018		 5.64 $13,814

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2015-2019 (1)
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(Weighted average, 2015-2019)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 5.57 $13,424
     Fire and lightning 0.27 78,838
     Water damage and freezing 1.90 11,098
     Wind and hail 2.45 10,801
     Theft 0.23 4,328
     All other (5) 0.71 6,406
Liability (6) 0.10 $22,363
     Bodily injury and property damage 0.07 29,752
     Medical payments and other 0.03 5,802
Credit card and other (7) (8) $672 (9)
Average (property damage
and liability), 2015-2019		 5.67 $13,582

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.
(9) Claim severity for credit card and other is significantly lower than was shown in previous years due to a change in the companies surveyed to produce the data. The new selection of companies use different exclusions which have been applied throughout the five years used in this chart.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2016-2020 (1)
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(Weighted average, 2016-2020)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 5.70 $13,804
     Fire and lightning 0.26 77,340
     Water damage and freezing 1.61 11,650
     Wind and hail 2.88 11,695
     Theft 0.19 4,415
     All other (5) 0.76 6,773
Liability (6) 0.09 23,611
     Bodily injury and property damage 0.07 30,324
     Medical payments and other 0.03 7,147
Credit card and other (7) (8) $820 (9)
Average (property damage
and liability), 2016-2020		 5.79 $13,962

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.
(9) Claim severity for credit card and other is significantly lower than was shown in previous years due to a change in the companies surveyed to produce the data. The new selection of companies use different exclusions which have been applied throughout the five years used in this chart.

Source: ISO®, a Verisk Analytics® business.

 
Average Homeowners Losses, 2017-2021 (1)
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(Weighted average, 2017-2021)

Cause of loss Claim frequency (2) Claim severity (3)
Property damage (4) 5.83 $14,935
     Fire and lightning 0.26 83,519
     Water damage and freezing 1.61 12,514
     Wind and hail 2.97 12,913
     Theft 0.16 4,646
     All other (5) 0.83 7,460
Liability (6) 0.09 25,323
     Bodily injury and property damage 0.06 31,663
     Medical payments and other 0.03 10,179
Credit card and other (7) (8) $1,202 (9)
Average (property damage
and liability), 2017-2021		 5.92 $15,091

(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) First party, i.e., covers damage to policyholder's own property.
(5) Includes vandalism and malicious mischief.
(6) Payments to others for which policyholder is responsible.
(7) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(8) Less than 0.01.
(9) Claim severity for credit card and other is significantly lower than was shown in previous years due to a change in the companies surveyed to produce the data. The new selection of companies use different exclusions which have been applied throughout the five years used in this chart.

Source: ISO®, a Verisk Analytics® business.