Homeowners Insurance Losses, 2011-2015 (1)

 

  Total homeowners losses   Total homeowners losses
Year Claim frequency (2) Claim severity (3) Year Claim frequency (2) Claim severity (3)
2011 9.73 $8,492 2014 5.44 $11,096
2012 7.66 8,850 2015 5.93 11,402
2013 5.02 10,492 Average (4) 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 policies. Excludes Alaska, Texas and Puerto Rico. (2) Claims per 100 house years (policies). (3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims. (4) Weighted average, 2011-2015. Source: ISO®, a Verisk Analytics® business.