Current Table

Average Homeowners Losses, 2011-2015 (1)

(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 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, 2003-2007 (1)

(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)

(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)

(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)

(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)

(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)

(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)

(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.