| Homeowners Insurance Losses, 2014-2018 (1) |
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Total homeowner losses |
|
Total homeowners losses |
| Year |
Claim
frequency (2) |
Claim
severity (3) |
Year |
Claim
frequency (2) |
Claim
severity (3) |
| 2014 |
5.19 |
$11,319 |
2017 |
6.36 |
$16,517 |
| 2015 |
5.92 |
11,748 |
2018 |
5.73 |
15,855 |
| 2016 |
4.94 |
12,628 |
Average (4) |
5.64 |
$13,814 |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Alaska, Texas and Puerto Rico.
(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, 2014-2018.
Source: ISO庐, a Verisk Analytics庐 business. |
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