| Homeowners Insurance Losses, 2010-2014 (1) |
|
| |
Total homeowners losses |
|
Total homeowners losses |
| Year |
Claim
frequency (2) |
Claim
severity (3) |
Year |
Claim
frequency (2) |
Claim
severity (3) |
| 2010 |
6.77 |
$8,568 |
2013 |
5.01 |
$10,397 |
| 2011 |
9.98 |
8,431 |
2014 |
5.27 |
10,750 |
| 2012 |
7.70 |
8,797 |
Average (4) |
6.98 |
$9,155 |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Arkansas 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, 2010-2014.
Source: ISO®, a Verisk Analytics® business. |
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