Hail Is Becoming A Real Estate Problem, Not Just An Insurance Problem

Baseball-sized hail used to read like a weather oddity. In March, it looked more like a balance-sheet issue.

In Kansas City, storms dropped hail as large as 4 inches across parts of the metro, with the worst damage concentrated in the Northland. In the Chicago region the same week, a supercell produced giant hail in the Kankakee River Valley, including a stone measured at more than 6 inches that could set a new Illinois record. These were not edge-case rural events. They hit major Midwestern metros with deep inventories of apartments, office buildings, retail centers, and industrial properties.

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RSK: And Wisconsin is one of the high states for hail insurance damage. Owners must do some sort of mitigation to reduce this or endure higher insurance rates.