Homeowners Insurance Losses By Cause, 2014-2018 (1)

(Percent of losses incurred)

Cause of loss 2014 2015 2016 2017 2018
Property damage (2) 96.0% 96.4% 96.4% 98.0% 98.1%
     Wind and hail 28.8 21.1 32.8 41.7 34.4
     Fire and lightning  24.6 22.2 25.9 32.8 32.7
     Water damage and freezing 33.6 45.8 30.5 18.4 23.8
     Theft 2.4 1.8 1.8 1.0 1.0
     All other property damage (3) 6.7 5.6 5.4 4.1 6.2
Liability (4) 4.0 3.6 3.6 2.0 1.9
     Bodily injury and property damage 3.9 3.4 3.4 1.9 1.8
     Medical payments and other 0.2 0.2 0.2 0.1 0.1
Credit card and other (5) (6) (6) (6) (6) (6)
Total 100.0% 100.0% 100.0% 100.0% 100.0%
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium owners policies. Excludes Alaska, Texas and Puerto Rico. (2) First party, i.e., covers damage to policyholder's own property. (3) Includes vandalism and malicious mischief. (4) Payments to others for which policyholder is responsible. (5) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified. (6) Less than 0.1 percent. Source: ISO®, a Verisk Analytics® business.