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Residential Property Insurance Report

Welcome to webpage for the California Department of Insurance (CDI) Statistical Analysis Division's Residential Property Insurance Report. 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 are collected 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) and Part II (Fire and Earthquake Policy Counts by County; Average Amounts of Coverage A and Coverage C limits by County) as of December 31, 2017.

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 2017.

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 2001-2017. 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 Bar Charts

The different Policy types below link to tables that contain exposures data written for each Amount of Insurance Range for experience years 2002, 2007, 2012 and 2017. 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 bar charts for each policy type data. The bar charts can also readily tell us as to the Amount of Insurance Range that was widely used by policyholders.

C. Fire and Earthquake Policy Counts by County

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, 2017, 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, 2017

D. Average Amounts of Coverage A and Coverage C limits by County

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, 2017, 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, 2017 for the following policy types: Renters (Tenant) and Condominium "Unit Owners".

Average Fire Coverage Limits per County as of December 31, 2017

E. Fire and Earthquake Policy Counts by County: Data Tables and Charts for Each Policy Type

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, 2017. 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 compare the percentage of Earthquake policies relative to the number of Fire policies.

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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.