HOMEOWNERS INSURANCE LOSSES, 2004-2008 (1)
  Total homeowner
losses
  Total homeowner
losses
Year Claim
frequency (2)
Claim
severity (3)
  Claim
frequency (2)
Claim
severity (3)
2004 6.71 $8,029 2007 4.81 $8,260
2005 5.69 8,618 2008 6.58 7,519
2006 5.17 6,891 Average (4) 5.78 7,864

(1) For homeowners multiple peril policies. Excludes tenants and condominium policies.
(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, 2004-2008.

Source: ISO.