Homeowners Insurance Losses, 2014-2018 (1)

 

  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®, a Verisk Analytics® business.