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 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.