| Homeowners Insurance Losses, 2017-2021 (1) |
听
|
| Year |
Claim frequency (2) |
Claim severity (3) |
Year |
Claim frequency (2) |
Claim severity (3) |
| 2017 |
6.44 |
$15,928 |
2020 |
6.28 |
14,844 |
| 2018 |
6.21 |
14,563 |
2021 |
5.32 |
16,048 |
| 2019 |
5.35 |
14,031 |
Average (4) |
5.92 |
15,091 |
(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). One house-year represents policy coverage on a dwelling for 12 months.
(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, 2016-2020.
Source: ISO庐, a Verisk Analytics庐 business. |
|