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Hail Damage Costs Soar to $40 Billion, Homeowners Unaware

12/11/2025

30 6 Full Breakdown

Summary

Story summary

In December 2025, Andrew Shick, CEO of Roofing USA, said U.S. hail damage cost about $40 billion in 2024, surpassing hurricane and flood damages.
He added hailstorms are worsening and insurers are raising deductibles, leaving many homeowners unaware of policy changes.
Tanya Brown-Giammanco of the National Institute of Standards and Technology (NIST) highlighted that the annual cost of hail damage has risen from under $1 billion 15 years ago.

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Story summary

In December 2025, Andrew Shick, CEO of Roofing USA, said U.S. hail damage cost about $40 billion in 2024, surpassing hurricane and flood damages.
He added hailstorms are worsening and insurers are raising deductibles, leaving many homeowners unaware of policy changes.
Tanya Brown-Giammanco of the National Institute of Standards and Technology (NIST) highlighted that the annual cost of hail damage has risen from under $1 billion 15 years ago.