| Homeowners Insurance Losses By Cause, 2018-2022 (1) |
(Percent of losses incurred)
|
| Cause of loss |
2018 |
2019 |
2020 |
2021 |
2022 |
| Property damage (2) |
97.4% |
96.7% |
97.2% |
97.0% |
97.8% |
| Wind and hail |
40.5 |
38.3 |
48.3 |
39.8 |
40.7 |
| Water damage and freezing |
24.0 |
29.0 |
19.6 |
23.4 |
27.6 |
| Fire and lightning |
25.4 |
21.1 |
21.1 |
23.3 |
21.9 |
| Theft |
1.0 |
1.0 |
0.6 |
0.7 |
0.7 |
| All other property damage (3) |
6.5 |
7.2 |
7.6 |
9.8 |
6.9 |
| Liability (4) |
2.5% |
3.3% |
2.8% |
2.9% |
2.1% |
| Bodily injury and property damage |
2.3 |
2.9 |
2.4 |
2.4 |
1.6 |
| Medical payments and other |
0.2 |
0.4 |
0.4 |
0.5 |
0.5 |
| Credit card and other (5) |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
| 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.
Source: ISO庐, a Verisk Analytics庐 business. |
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