| Cause of loss |
Claim frequency (2) |
Claim severity (3) |
| Property damage |
|
|
| Fire, lightning and debris removal |
0.49 |
$27,691 |
| Wind and hail |
2.19 |
6,881 |
| Water damage and freezing |
1.44 |
6,347 |
| Theft |
0.50 |
2,805 |
| All other (4) |
0.88 |
4,083 |
| Liability |
|
|
| Bodily injury and property damage |
0.11 |
18,050 |
| Credit card and other (5) |
0.08 |
5,790 |
| Medical payments and other |
0.05 |
1,940 |
Average (property damage
and liability), 2005-2009 |
5.73 |
$7,876 |
(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Claims per 100 house years (policies).
(3) Accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Includes vandalism and malicious mischief.
(5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
Source: ISO, a Verisk Analytics company. |