| HOMEOWNERS INSURANCE LOSSES BY CAUSE, 2008-2012 (1) |
(Percent of losses incurred)
|
| Cause of loss |
2008 |
2009 |
2010 |
2011 |
2012 |
| 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. |
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