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CA Department of Insurance

Residential Property Insurance Report

Welcome to California Department of Insurance (CDI) Statistical Analysis Division's Residential Property Insurance Report webpage. Please note that we update/add additional reports and/or charts in this page whenever there is a need to do so.

The Statistical Analysis Division (SAD) of the California Department of Insurance (CDI), collects residential property insurance coverage data every two years, through the Personal Property Experience (PPE) data call. Data collected are in two parts:

Part I collects total premiums and exposures for each Amount of Insurance Range per Policy Form and
Part II collects specific individual policy level data.

This report contains data from Part I (Premiums and Exposures) with 2012, 2013, 2014 and 2015 data. Recently added are data from Part II, Fire and Earthquake Policy Counts by County as well as the Average Amounts of Coverage A and Coverage C limits by County as of December 31, 2015.   New May 2013

The purpose of this data collection is to assist the National Association of Insurance Commissioners (NAIC) in developing its Annual Homeowners Average Premium/Market Share Report and to support the Office of Emergency Services (OES) along with the Federal Emergency Management Agency's (FEMA) Disaster Recovery Program. The data collected includes total policy written premiums and written exposures in the different amounts of insurance coverage, submitted by insurance companies that write Dwelling Fire (Owner-Occupied and Rental Dwelling, including Lender/Forced Placed policies), Homeowners Multi-Peril, Mobile homes, Renters and Condominium "Unit Owners" policies. This report covers data gathered for experience years 2001 to 2015.

A) Residential Property Data Summary by Policy Type:

The different Policy types below link to tables that contain Premiums, Exposures and Annual Average Premiums data for each Policy Type, for experience years 2001-2015. The increase/decrease in premiums/exposures can be attributed to a number of factors. For the purpose of this report, no assumptions are made as to why these trends have occurred.

B) Written Exposure Data for each Amount of Insurance Range: Data Tables and Pie Charts

The different Policy types below link to tables that contain exposures data written for each Amount of Insurance Range for experience years 2001, 2006, 2011 and 2015. The percentages (%s) of exposures for each Amount of Insurance Range in relation to the total market of a specific policy type, are captured and can be clearly seen in the corresponding Pie Charts for each Policy type data. The Pie charts can also readily tell us as to the Amount of Insurance Range that was widely availed of by policyholders.

C) Fire and Earthquake Policy Counts by County     New May 2013

The report below links to a table that shows a summary of the number of Fire and Earthquake policies per County as of December 31, 2015,  for each of these policy types: Dwelling Fire (Owner-Occupied and Rental Dwelling), Homeowners Multi-Peril,  Renters (Tenant),  Mobile homes and Condominium "Unit Owners". It also shows the percentage of the number of Earthquake policies to the Fire policies.


          Fire and Earthquake Policy Counts per County as of December 31, 2015


D) Average Amounts of Coverage A and Coverage C limits by County    New May 2013

The report below links to a table that shows a summary of the average Fire Coverage A limits (the main coverage) per County as of December 31, 2015, for the following policy types: Dwelling Fire (Owner-Occupied and Rental Dwelling), Homeowners Multi-Peril and Mobile homes.

This report also shows a summary of the average Fire Coverage C limits (the main coverage) per County as of December 31, 2015 for the following policy types: Renters (Tenant) and Condominium "Unit Owners".


           Average Fire Coverage Limits per County as of December 31, 2015


E) Fire and Earthquake Policy Counts by County: Data Tables and Charts for Each Policy Type   New May 2013

Each of the policy types below links to a table that contains the number of Fire and Earthquake policy counts for each of the TOP 25 Counties (based on the number of policies written), as of December 31, 2015. The table also includes the percentage (%) of Earthquake policies to the number of Fire policies.

A bar chart is also included in this report to readily see the relationship between the number of Fire and Earthquake policies,as they are compared side by side in this chart.                       

          

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Conclusion

California continues to experience shifts from lower amounts of insurance range to higher amounts. This substantiates the realization of the importance and the increasing need for sufficient insurance protection. With the number of unexpected perils that can jeopardize one of our biggest investments, our homes, knowing that sufficient insurance coverage is in place to cover the negative financial consequences of a loss, is reassuring.

Contact

If you have any questions or comments regarding this report, please contact:

Luciano Gobbo
Division Chief, Statistical Analysis Division
(213) 346-6308

Questions regarding residential property coverage should be directed to:

Department of Insurance Consumer Hotline (800) 927-HELP

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