HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2003-2007 (1)
(Percent of losses incurred)
| Property damage |
|
|
|
|
|
| Fire, lightning and debris removal |
31.74% |
20.50% |
23.04% |
33.16% |
42.07% |
| Wind and hail |
25.32 |
50.07 |
46.56 |
29.04 |
17.43 |
| Water damage and freezing |
21.06 |
15.31 |
15.52 |
18.80 |
22.35 |
| Theft |
3.21 |
2.15 |
2.39 |
3.50 |
3.52 |
| All other property damage (2) |
11.74 |
6.94 |
7.30 |
9.37 |
9.32 |
| Liability |
|
|
|
|
|
| Bodily injury and property damage |
6.35 |
4.62 |
4.70 |
5.36 |
4.46 |
| Medical payments and other |
0.57 |
0.41 |
0.49 |
0.76 |
0.85 |
| Credit card and other (3) |
(4) |
(4) |
(4) |
(4) |
(4) |
|
(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Includes vandalism and malicious mischief.
(3) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(4) Less than 0.01 percent.
Source: ISO.
HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2004-2008 (1)
(Percent of losses incurred)
| Property damage |
|
|
|
|
|
| Fire, lightning and debris removal |
20.29% |
22.61% |
33.06% |
40.58% |
30.55% |
| Wind and hail |
51.51 |
48.09 |
28.69 |
18.56 |
34.11 |
| Water damage and freezing |
14.71 |
14.78 |
18.86 |
22.67 |
20.89 |
| Theft |
2.05 |
2.30 |
3.44 |
3.42 |
3.22 |
| All other property damage (2) |
6.62 |
7.00 |
9.31 |
8.53 |
6.98 |
| Liability |
|
|
|
|
|
| Bodily injury and property damage |
4.01 |
4.35 |
5.33 |
4.67 |
2.82 |
| Medical payments and other |
0.17 |
0.19 |
0.30 |
0.28 |
0.23 |
| Credit card and other (3) |
0.63 |
0.67 |
1.01 |
1.30 |
1.19 |
|
(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Includes vandalism and malicious mischief.
(3) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
Source: ISO.
HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2005-2009 (1)
(Percent of losses incurred)
| Property damage |
94.95% |
93.17% |
93.07% |
94.97% |
95.70% |
| Fire, lightning and debris removal |
22.01% |
32.80% |
39.22% |
29.05% |
29.22% |
| Wind and hail |
49.10 |
28.64 |
18.71 |
34.59 |
31.31 |
| Water damage and freezing |
14.60 |
18.90 |
23.00 |
20.90 |
23.70 |
| Theft |
2.27 |
3.47 |
3.45 |
3.15 |
3.36 |
| All other property damage (2) |
6.97 |
9.37 |
8.74 |
7.25 |
8.11 |
| Liability |
5.06 |
6.83 |
6.93 |
5.04 |
4.29 |
| Bodily injury and property damage |
4.29 |
5.57 |
5.42 |
3.64 |
2.86 |
| Medical payments and other |
0.18 |
0.29 |
0.25 |
0.22 |
0.23 |
| Credit card and other (3) |
0.59 |
0.97 |
1.26 |
1.18 |
1.20 |
| Total (4) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
|
(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Includes vandalism and malicious mischief.
(3) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
(4) May not add up to 100 due to rounding.
Source: ISO, a Verisk Analytics company.
HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2006-2010 (1)
(Percent of losses incurred)
| Property damage |
93.12% |
93.01% |
94.93% |
95.44% |
96.74% |
| Fire, lightning and debris removal |
32.33 |
38.77 |
28.05 |
27.86 |
27.42 |
| Wind and hail |
28.51 |
17.61 |
33.60 |
30.82 |
33.54 |
| Water damage and freezing |
19.74 |
24.03 |
22.31 |
24.72 |
22.31 |
| Theft |
3.33 |
3.37 |
3.06 |
3.30 |
3.15 |
| All other property damage (2) |
9.20 |
9.23 |
7.91 |
8.74 |
10.31 |
| Liability |
6.80% |
6.92% |
4.99% |
4.47% |
3.16% |
| Bodily injury and property damage |
6.55 |
6.69 |
4.79 |
4.22 |
2.95 |
| Medical payments and other |
0.25 |
0.23 |
0.20 |
0.25 |
0.22 |
| Credit card and other (3) |
0.08% |
0.07% |
0.08% |
0.09% |
0.09% |
Total
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
|
(1) For homeowners multiple peril policies. Excludes tenants and condominium owners policies.
(2) Includes vandalism and malicious mischief.
(3) Includes coverage for unauthorized use of various cards, forgery, counterfeit money and losses not otherwise classified.
Source: ISO, a Verisk Analytics company.
HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2008-2012 (1)
(Percent of losses incurred)
| Property damage (2) |
94.9% |
95.0% |
95.4% |
97.2% |
97.6% |
| Fire, lightning and debris removal |
27.5 |
27.2 |
25.5 |
19.0 |
25.2 |
| Wind and hail |
35.1 |
31.7 |
35.6 |
46.0 |
47.2 |
| Water damage and freezing |
20.6 |
24.4 |
21.3 |
21.7 |
17.5 |
| Theft |
3.0 |
3.3 |
3.1 |
2.4 |
3.0 |
| All other (3) |
8.7 |
8.5 |
9.9 |
8.3 |
4.7 |
| Liability (4) |
5.1% |
5.0% |
4.6% |
2.8% |
2.4% |
| Bodily injury and property damage |
4.9 |
4.8 |
4.4 |
2.6 |
2.3 |
| Medical payments and other |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
| 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. Excludes tenants and condominium owners policies.
(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 miscellaneous losses.
(6) Less than 0.1 percent.
Source: ISO®, a Verisk Analytics® company.
HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2009-2013 (1)
(Percent of losses incurred)
| Cause of loss |
2009 |
2010 |
2011 |
2012 |
2013 |
| Property damage (2) |
95.1% |
95.2% |
97.0% |
97.1% |
97.0% |
| Fire and lightning |
27.0 |
25.2 |
18.5 |
23.6 |
30.5 |
| Wind and hail |
32.1 |
35.8 |
46.3 |
49.0 |
29.9 |
| Water damage and freezing |
24.4 |
21.2 |
21.6 |
17.0 |
26.4 |
| Theft |
3.3 |
3.1 |
2.3 |
2.9 |
3.4 |
| All other property damage (3) |
8.2 |
9.9 |
8.3 |
4.6 |
6.8 |
| Liability (4) |
4.9% |
4.8% |
3.0% |
2.9% |
3.0% |
| Bodily injury and property damage |
4.7 |
4.7 |
2.8 |
2.6 |
2.7 |
| Medical payments and other |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
| 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. Excludes tenants and condominium owners policies. Excludes Alaska and Texas.
(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 company.
Homeowners Insurance Losses By Cause, 2010-2014 (1)
(Percent of losses incurred)
| Cause of loss |
2010 |
2011 |
2012 |
2013 |
2014 |
| Property damage (2) |
95.2% |
97.0% |
96.7% |
95.9% |
97.3% |
| Fire and lightning |
25.0 |
18.4 |
23.3 |
29.2 |
25.9 |
| Wind and hail |
36.1 |
46.6 |
49.1 |
30.8 |
27.3 |
| Water damage and freezing |
21.1 |
21.4 |
16.9 |
25.9 |
33.7 |
| Theft |
3.1 |
2.3 |
2.9 |
3.4 |
2.5 |
| All other property damage (3) |
9.9 |
8.3 |
4.5 |
6.6 |
7.9 |
| Liability (4) |
4.8% |
3.0% |
3.3% |
4.1% |
2.7% |
| Bodily injury and property damage |
4.7 |
2.9 |
3.1 |
3.8 |
2.5 |
| Medical payments and other |
0.2 |
0.1 |
0.2 |
0.3 |
0.2 |
| 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). Excludes tenants and condominium owners policies. Excludes Arkansas and Texas.
(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.
Homeowners Insurance Losses By Cause, 2011-2015 (1)
(Percent of losses incurred)
| Cause of loss |
2011 |
2012 |
2013 |
2014 |
2015 |
| Property damage (2) |
96.9% |
96.7% |
95.3% |
96.2% |
97.1% |
| Fire and lightning |
18.3 |
22.9 |
28.2 |
24.1 |
23.8 |
| Wind and hail |
45.7 |
48.8 |
30.5 |
28.7 |
20.3 |
| Water damage and freezing |
22.0 |
17.5 |
26.7 |
33.4 |
45.1 |
| Theft |
2.4 |
2.9 |
3.4 |
2.4 |
1.8 |
| All other property damage (3) |
8.6 |
4.5 |
6.5 |
7.6 |
6.1 |
| Liability (4) |
3.1% |
3.3% |
4.7% |
3.8% |
2.9% |
| Bodily injury and property damage |
2.9 |
3.2 |
4.4 |
3.6 |
2.7 |
| Medical payments and other |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
| 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). 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.
Homeowners Insurance Losses By Cause, 2012-2016 (1)
(Percent of losses incurred)
| Cause of loss |
2012 |
2013 |
2014 |
2015 |
2016 |
| Property damage (2) |
96.5% |
95.5% |
95.9% |
96.6% |
97.1% |
| Fire and lightning |
22.8 |
28.3 |
23.8 |
22.5 |
26.8 |
| Wind and hail |
48.8 |
30.6 |
28.8 |
21.6 |
33.1 |
| Water damage and freezing |
17.5 |
26.7 |
33.4 |
44.7 |
29.5 |
| Theft |
3.0 |
3.4 |
2.4 |
1.8 |
1.9 |
| All other property damage (3) |
4.4 |
6.4 |
7.4 |
6.0 |
5.7 |
| Liability (4) |
3.5 |
4.6 |
4.1 |
3.4 |
2.9 |
| Bodily injury and property damage |
3.3 |
4.3 |
3.9 |
3.3 |
2.7 |
| Medical payments and other |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
| 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). 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.
Homeowners Insurance Losses By Cause, 2013-2017 (1)
(Percent of losses incurred)
| Cause of loss |
2013 |
2014 |
2015 |
2016 |
2017 |
| Property damage (2) |
95.5% |
95.8% |
96.3% |
96.6% |
98.1% |
| Fire and lightning |
28.5 |
23.9 |
21.6 |
25.0 |
35.1 |
| Wind and hail |
30.0 |
28.7 |
21.2 |
34.1 |
38.2 |
| Water damage and freezing |
27.1 |
34.0 |
46.1 |
30.2 |
19.5 |
| Theft |
3.4 |
2.4 |
1.7 |
1.8 |
1.0 |
| All other property damage (3) |
6.4 |
6.8 |
5.6 |
5.5 |
4.4 |
| Liability (4) |
4.5 |
4.2 |
3.7 |
3.4 |
1.9 |
| Bodily injury and property damage |
4.3 |
4.0 |
3.6 |
3.2 |
1.8 |
| Medical payments and other |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
| 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.
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.
Homeowners Insurance Losses By Cause, 2015-2019 (1)
(Percent of losses incurred)
| Cause of loss |
2015 |
2016 |
2017 |
2018 |
2019 |
| Property damage (2) |
96.1% |
96.2% |
97.6% |
97.7% |
97.2% |
| Wind and hail |
22.5 |
33.4 |
41.0 |
36.3 |
34.3 |
| Water damage and freezing |
42.4 |
29.0 |
18.7 |
23.7 |
29.4 |
| Fire and lightning |
23.7 |
26.2 |
32.2 |
30.2 |
25.1 |
| Theft |
1.9 |
1.9 |
1.1 |
1.0 |
1.0 |
| All other property damage (3) |
5.6 |
5.7 |
4.5 |
6.5 |
7.4 |
| Liability (4) |
3.9% |
3.8% |
2.4% |
2.3% |
2.8% |
| Bodily injury and property damage |
3.7 |
3.5 |
2.2 |
2.1 |
2.4 |
| Medical payments and other |
0.2 |
0.2 |
0.2 |
0.2 |
0.4 |
| 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.
Homeowners Insurance Losses By Cause, 2016-2020 (1)
(Percent of losses incurred)
| Cause of loss |
2016 |
2017 |
2018 |
2019 |
2020 |
| Property damage (2) |
96.3% |
97.5% |
97.5% |
97.0% |
97.7% |
| Wind and hail |
34.1 |
47.0 |
40.0 |
38.1 |
45.5 |
| Water damage and freezing |
28.7 |
18.3 |
23.9 |
28.4 |
19.9 |
| Fire and lightning |
26.0 |
26.6 |
26.2 |
22.4 |
23.8 |
| Theft |
1.8 |
1.0 |
0.9 |
0.9 |
0.6 |
| All other property damage (3) |
5.7 |
4.7 |
6.5 |
7.1 |
7.9 |
| Liability (4) |
3.7% |
2.5% |
2.5% |
3.0% |
2.3% |
| Bodily injury and property damage |
3.5 |
2.3 |
2.3 |
2.7 |
2.0 |
| Medical payments and other |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
| 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.
Homeowners Insurance Losses By Cause, 2017-2021 (1)
(Percent of losses incurred)
| Cause of loss |
2017 |
2018 |
2019 |
2020 |
2021 |
| Property damage (2) |
97.7% |
97.5% |
96.8% |
97.6% |
97.7% |
| Wind and hail |
48.0 |
39.5 |
38.3 |
47.8 |
39.4 |
| Water damage and freezing |
18.0 |
24.5 |
29.0 |
19.9 |
23.5 |
| Fire and lightning |
26.2 |
26.0 |
21.5 |
21.9 |
24.8 |
| Theft |
1.0 |
1.0 |
1.0 |
0.6 |
0.7 |
| All other property damage (3) |
4.6 |
6.5 |
7.1 |
7.4 |
9.4 |
| Liability (4) |
2.3% |
2.5% |
3.2% |
2.4% |
2.3% |
| Bodily injury and property damage |
2.2 |
2.3 |
2.8 |
2.1 |
1.8 |
| Medical payments and other |
0.1 |
0.2 |
0.4 |
0.4 |
0.5 |
| 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.