| HOMEOWNERS INSURANCE LOSSES, 2009-2013 (1) |
|
| |
Total homeowners losses |
|
Total homeowners losses |
| Year |
Claim frequency (2) |
Claim severity (3) |
Year |
Claim frequency (2) |
Claim severity (3) |
| 2009 |
6.09 |
$8,411 |
2012 |
7.56 |
$8,801 |
| 2010 |
6.66 |
8,618 |
2013 |
4.81 |
10,271 |
| 2011 |
9.83 |
8,455 |
Average (4) |
7.02 |
$8,793 |
(1) For homeowners multiple peril policies. Excludes tenants and condominium policies. Excludes Alaska and Texas.
(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, 2009-2013.
Source: ISO, a Verisk Analytics company. |
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