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Roof restore and substitute prices hit $31 billion – report

whysavetoday by whysavetoday
April 9, 2025
in Insurance
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Roof restore and substitute prices hit $31 billion – report
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In 2024, roof restore and substitute prices totaled practically $31 billion, a 30% enhance since 2022. Roof-related claims represented over 1 / 4 of all residential declare worth, with wind and hail as the first drivers. These two perils accounted for greater than half of residential claims and non-catastrophic wind and hail claims have risen from 17% to 25% since 2022. This pattern underscores the rising influence of those dangers, which aren’t solely tied to catastrophic occasions.

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Tags: billionCostshitrepairreplacementReportRoof
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