Roof repair and replacement costs hit $31 billion – report

In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from 17% to 25% since 2022. This trend underscores the growing impact of these risks, which are not solely tied to catastrophic events.

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