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.