Homeowners

Roof Claim Costs Increased 30% from 2022 to 2024

Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to a report from Verisk.

Row of modern roofs on two seperate houses one white and blue with orange roof tiles and double gable with visible chimney. In blue sky background with no clouds in midday sun in neighborhood.

From the Front Lines: Real Estate

“Although we may be coming out of one of the most difficult periods in insurance history, some areas might still see increasing premiums for another 12-18 months,” says independent agent Guffy Wright. “Factors like claim volume, social inflation, weather patterns and fraud will continue to play major roles.”

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