According to the Insurance Information Institute (III), property damage (including theft) accounted for 98.1% of homeowners insurance claims in 2018. The Insurance Information Institute also offers information on the severity of claims or the amount of money different types of claims cost. From 2013 to 2017, the most severe claims were for fire and lightning at $79,785, followed by bodily injury and property damage at $26,872. Wind and hail at $11,200 was the next most expensive claim, followed by water damage and freezing at $10,849.