Homeowners Insurance Losses, 2012-2016 (1)
  Total homeowners losses   Total homeowners losses
Year Claim frequency (2) Claim severity (3) Year Claim frequency (2) Claim severity (3)
2012 7.68 $8,842 2015 6.13 $11,520
2013 5.03 10,512 2016 5.28 11,666
2014 5.46 11,105 Average (4) 5.92 $10,592
(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, 2012-2016. Source: ISO®, a Verisk Analytics® business.