|
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. |