Executive Summary
Roof-related insurance claims continue to climb, driven by hail and wind events. Average payouts have risen alongside replacement costs, but more carriers are moving older roofs to Actual Cash Value (ACV) settlements.
Key Findings
- Wind and hail account for ~50% of all homeowner property claims.
- Average roof claim payout: $11,400 (RCV), $7,200 (ACV).
- Deductibles average 1-2% of dwelling coverage; separate wind/hail deductibles common in coastal and hail-belt states.
- Roofs older than 15 years increasingly settled on ACV.
Methodology
Aggregated from public insurance department filings, carrier rate filings, and industry claim trend reports. State-level data sourced from departments of insurance.
Data Sources
- State Departments of Insurance
- Insurance Information Institute
- Carrier rate filings (public)
FAQs
What is ACV vs RCV?
Actual Cash Value pays replacement cost minus depreciation; Replacement Cost Value pays the full cost to replace with like materials.
Are insurance claim numbers anonymized?
Yes — all data is aggregated; no individual claim information is published.
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