U.S. Roof Claims Costs Reached Over $30 Billion In 2024, Underscoring Evolving Risks
Verisk (VRSK) has released its U.S. Roofing Realities Trend Report, revealing that roof claims costs reached $31 billion in 2024, a 30% increase since 2022. The report highlights that roof-related items constituted over 25% of all residential claim value, with wind and hail being the primary drivers.
Key findings include:
- Non-catastrophic wind/hail roof claims increased from 17% to 25% since 2022
- 38% of U.S. residential homes have moderate to poor condition roofs
- Roofs with moderate to poor conditions show 60% higher loss costs
- 80% of U.S. roofs use asphalt shingles
- 29% of homes with asphalt shingles have less than 4 years of remaining roof life
The report emphasizes regional variations in roof conditions, with western states showing better conditions than eastern states. In hail-prone states, average roof lifespan is 15 years, compared to 22 years in western states with milder weather.
Verisk (VRSK) ha pubblicato il suo Rapporto sulle Tendenze delle Coperture negli Stati Uniti, rivelando che i costi delle richieste per danni ai tetti hanno raggiunto 31 miliardi di dollari nel 2024, con un aumento del 30% rispetto al 2022. Il rapporto evidenzia che gli elementi legati ai tetti hanno costituito oltre il 25% del valore totale delle richieste residenziali, con il vento e la grandine come principali fattori scatenanti.
I principali risultati includono:
- Le richieste per danni ai tetti non catastrofici da vento/grandine sono aumentate dal 17% al 25% dal 2022
- Il 38% delle abitazioni residenziali negli Stati Uniti ha tetti in condizioni moderate o scarse
- I tetti in condizioni moderate o scarse mostrano costi di perdita superiori del 60%
- Il 80% dei tetti negli Stati Uniti utilizza tegole in asfalto
- Il 29% delle abitazioni con tegole in asfalto ha meno di 4 anni di vita residua del tetto
Il rapporto sottolinea le variazioni regionali nelle condizioni dei tetti, con gli stati occidentali che mostrano condizioni migliori rispetto a quelli orientali. Negli stati soggetti a grandine, la vita media del tetto è di 15 anni, rispetto ai 22 anni negli stati occidentali con un clima più mite.
Verisk (VRSK) ha publicado su Informe de Tendencias sobre Techos en EE.UU., revelando que los costos de reclamaciones de techos alcanzaron 31 mil millones de dólares en 2024, un aumento del 30% desde 2022. El informe destaca que los elementos relacionados con techos constituyeron más del 25% del valor total de las reclamaciones residenciales, siendo el viento y el granizo los principales factores.
Los hallazgos clave incluyen:
- Las reclamaciones por techos no catastróficos de viento/granizo aumentaron del 17% al 25% desde 2022
- El 38% de las viviendas residenciales en EE.UU. tienen techos en condiciones moderadas o malas
- Los techos en condiciones moderadas o malas muestran costos de pérdida un 60% más altos
- El 80% de los techos en EE.UU. utilizan tejas de asfalto
- El 29% de las casas con tejas de asfalto tienen menos de 4 años de vida útil restante del techo
El informe enfatiza las variaciones regionales en las condiciones de los techos, con los estados occidentales mostrando mejores condiciones que los orientales. En los estados propensos al granizo, la vida útil promedio del techo es de 15 años, en comparación con 22 años en los estados occidentales con clima más suave.
Verisk (VRSK)가 미국 지붕 현실 트렌드 보고서를 발표했습니다. 이 보고서에 따르면 2024년 지붕 청구 비용이 310억 달러에 달하며 2022년 대비 30% 증가했습니다. 이 보고서는 지붕 관련 항목이 모든 주거 청구 가치의 25% 이상을 차지하며, 바람과 우박이 주요 원인이라고 강조합니다.
주요 발견 사항은 다음과 같습니다:
- 비재난성 바람/우박 지붕 청구가 2022년 이후 17%에서 25%로 증가했습니다.
- 미국 주거용 주택의 38%가 중간 또는 불량 상태의 지붕을 가지고 있습니다.
- 중간 또는 불량 상태의 지붕은 60% 더 높은 손실 비용을 보여줍니다.
- 미국의 80% 지붕이 아스팔트 슁글을 사용합니다.
- 아스팔트 슁글을 사용하는 집의 29%는 남은 지붕 수명이 4년 미만입니다.
이 보고서는 지붕 상태의 지역적 변화를 강조하며, 서부 주들이 동부 주들보다 더 나은 상태를 보이고 있습니다. 우박이 자주 발생하는 주에서는 평균 지붕 수명이 15년인 반면, 기후가 온화한 서부 주에서는 22년입니다.
Verisk (VRSK) a publié son Rapport sur les Tendances des Toitures aux États-Unis, révélant que les coûts des réclamations pour toits ont atteint 31 milliards de dollars en 2024, soit une augmentation de 30 % depuis 2022. Le rapport souligne que les éléments liés aux toits représentaient plus de 25 % de la valeur totale des réclamations résidentielles, le vent et la grêle étant les principaux facteurs.
Les principales conclusions incluent :
- Les réclamations pour toits non catastrophiques dus au vent/grêle ont augmenté de 17 % à 25 % depuis 2022
- 38 % des maisons résidentielles aux États-Unis ont des toits en condition modérée à médiocre
- Les toits en condition modérée à médiocre affichent des coûts de perte 60 % plus élevés
- 80 % des toits aux États-Unis utilisent des bardeaux en asphalte
- 29 % des maisons avec des bardeaux en asphalte ont moins de 4 ans de vie utile restante pour le toit
Le rapport met en avant les variations régionales des conditions des toits, les États de l'ouest affichant de meilleures conditions que ceux de l'est. Dans les États sujets à la grêle, la durée de vie moyenne d'un toit est de 15 ans, contre 22 ans dans les États de l'ouest au climat plus doux.
Verisk (VRSK) hat seinen Trendbericht über Dachrealitäten in den USA veröffentlicht, der zeigt, dass die Kosten für Dachschäden 2024 31 Milliarden Dollar erreichten, was einem Anstieg von 30% seit 2022 entspricht. Der Bericht hebt hervor, dass dachbezogene Posten über 25% des gesamten Wertes von Wohnschäden ausmachten, wobei Wind und Hagel die Hauptursachen sind.
Wichtige Ergebnisse sind:
- Die nicht-katastrophalen Wind/Hagel-Dachschäden stiegen seit 2022 von 17% auf 25%
- 38% der Wohnhäuser in den USA haben Dächer in mäßigem bis schlechtem Zustand
- Dächer in mäßigem bis schlechtem Zustand zeigen 60% höhere Verlustkosten
- 80% der Dächer in den USA verwenden Asphaltziegel
- 29% der Häuser mit Asphaltziegeln haben weniger als 4 Jahre verbleibende Lebensdauer des Daches
Der Bericht betont regionale Unterschiede in den Dachbedingungen, wobei die westlichen Bundesstaaten bessere Bedingungen als die östlichen aufweisen. In hagelgefährdeten Bundesstaaten beträgt die durchschnittliche Lebensdauer des Daches 15 Jahre, verglichen mit 22 Jahren in westlichen Bundesstaaten mit milderem Wetter.
- Launch of comprehensive roof analysis solutions for insurers
- Strong market position in property analytics with multiple data sources integration
- Development of automated roof defect detection technology
- 30% increase in roof claims costs since 2022 indicates growing industry challenges
- 38% of U.S. homes showing moderate to poor roof conditions suggests significant market risks
- 60% higher loss costs for deteriorating roofs highlights increasing financial exposure
Insights
Verisk's roof claims report illustrates the company's strategic positioning in the property insurance analytics market. The nearly 30% increase in roof repair costs since 2022—reaching
The report reveals that 38% of U.S. homes have moderate to poor roof conditions, which correlate to
From a competitive standpoint, Verisk's integration of aerial imagery analytics with traditional data sources creates differentiation in the market. By quantifying how properties with deteriorating roofs can experience
This report effectively functions as both market education and product promotion, positioning Verisk as the solution provider for a documented industry challenge. While not announcing new products, it reinforces the value proposition of existing offerings at a time when roof-related claims represent over
Verisk report reveals challenges and trends in roof repair and replacement costs based on peril exposure, shape and building materials
JERSEY CITY, N.J., April 08, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today released its U.S. Roofing Realities Trend Report, which identifies trends and challenges in roof conditions. These are supported by insights from Verisk’s personal property solutions, which are used by many of the top P&C insurance carriers to gain a granular understanding of roof risk— which is among the costliest claim.
In recent years, roofs have become one of the most critical structural components for residential property insurers assessing underwriting risk. As the insurance industry looks to enhance accuracy and promote fair premiums for insurers and policyholders, the following challenges persist:
Peril severity and outdated practices are driving up costs
- In 2024, roof repair and replacement cost value totaled nearly
$31 billion , up nearly 30 percent since 2022. - Roof related line items made up more than a quarter of all residential claim value in 2024. Wind and hail were the predominant drivers of these loss costs, accounting for more than half of all residential claims. Since 2022, non-catastrophic wind/hail roof claims increased from 17 percent to 25 percent, highlighting the growing impact of this peril despite the greater focus often placed on catastrophic events.
- Solely relying on practices such as in-person home inspections can limit an insurer’s ability to effectively assess risk. Limited roof visibility from the ground level can cause inspectors to miss signs of damage. This can also inhibit insurers from adopting more up-to-date pricing, coverage and risk management strategies.
How can insurers navigate these challenges?
To help insurers navigate these challenges, Verisk’s personal property solutions offer reliable insights that can help insurers verify a roof's age, condition and characteristics. Verisk’s Roof Condition Score (RCS), which is drawn from Verisk’s Aerial Imagery Analytics solution, automates the detection of visible roof defects such as water pooling, missing materials, tarps and structural damage.
Verisk’s Roof Age® solution helps insurers assess the age of a structure’s roof by combining multiple data sources including permit insights, aerial imagery, assessor records, real estate data and claims.
Together, these solutions offer unparalleled insights and enable insurers to enhance underwriting accuracy, make informed pricing decisions and proactively manage risk. From these insights, Verisk has identified the following roof condition trends across the U.S.:
Peril exposures persist and vary regionally
- Roofs with moderate to poor condition issues have 60 percent higher lost costs than those in good or excellent condition.
- Currently, 38 percent of U.S. residential homes have roofs with moderate to poor condition issues via Verisk’s Aerial Imagery Analytics solution. However, roofs tend to be in better condition in the western region of the U.S. vs. the eastern part of the country where they are exposed to more weather variability.
Shape, size and materials can impact a roof’s life and resiliency
- Roofing materials can play a key role in roof life and durability. For example, asphalt shingles are used on 80 percent of roofs in the U.S. In hail-prone states, average roof lifespan is 15 years, compared to 22 years in western states with less severe weather like Nevada, Arizona and Utah.
- Around 29 percent of U.S. homes with asphalt shingles have less than four years of remaining useful roof life according to insights from Roof Age®. States such as West Virginia, Connecticut, New Jersey and Massachusetts have the highest percentage of roofs with less than four years of remaining roof life, which in turn can result in 50 percent more damage during severe weather, compared to roofs with 8+ years of remaining life.
- Roof shape affects weather resilience; 20 percent of U.S. homes have hip-styled roofs which are more resistant to wind damage. Florida and Louisiana have the highest percentage of such roofs.
“We’re combining multiple sources of data using innovative methods to help insurers gain a greater understanding of roof resiliency and property-specific peril risk,” said Ryan D’Amario, vice president, property product management, at Verisk. “Verisk’s personal property solutions augmented with aerial imagery analytics can help insurers confidently manage challenging wind and hail loss costs, while unlocking opportunities to educate their policyholders about proactive measures that can help prevent future claims.”
To learn more about Verisk’s personal property solutions such as Roof Age®, Roof Condition Score and Aerial Imagery Analytics, please visit Verisk’s Personal Property Solutions hub.
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About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.
Morgan Hurley Verisk 551-655-7858 morgan.hurley@verisk.com
FAQ
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