Claims Analysis: Roofs Define Luxury Homes' Insurability.

The article discusses the increasing number of roof-related claims in the insurance industry, driven by severe weather events, rising repair costs, and roofing scams. High-value properties, including luxury homes, are particularly affected, with convective storms causing billions of dollars in damages. Insurers are adapting by becoming more selective in coverage, using advanced technology for assessments, and implementing depreciation clauses for older roofs. Proactive roof maintenance is emphasized to maintain insurability and reduce the risk of storm damage. [Extracted from the article]