The HO-3/DF frequency of water claims per 1,000 policies has increased by 46%
The average severity of HO-3/DF water claims increased by 28% since 2010.
The combined impact of changes in frequency and severity result in an average
14.2% increase in water losses each year.
Southeast Florida has the highest frequency and severity of HO-3/DF water
losses; however, the highest combined change in frequency and severity actually
occurred in Central Florida. All regions are seeing significant increases in water
Claims with an Assignment of Benefit (AOB) generally have a higher severity
than claims without an AOB
There has been a significant increase in the use of AOBs since 2010, from 5.7%
of the claims to 15.9% of the claims. This increase in the use of AOBs is being
seen across all regions.