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Hail damage is driving up the cost of insurance for homeowners across Colorado. Can lawmakers offer relief?
12+ hour, 22+ min ago (201+ words) If you're a homeowner in Colorado, there are a few types of natural disaster that might threaten your home. One is wildfire. Another is a severe hailstorm. Hazards like these are the reason people buy homeowners insurance. But a new…...
For Mountain West homeowners, insurance is taking a bigger bite of the budget
1+ day, 49+ min ago (819+ words) Reading Time: 3 minutes, 48 seconds In a nondescript office building on the outskirts of Denver, insurance agents sit in cubicles, talking into headsets. They are fielding calls from homeowners searching for coverage that won't break the bank. "It's just completely unaffordable,…...
For Colorado homeowners, insurance is taking a bigger bite of the budget
2+ day, 6+ hour ago (828+ words) In a nondescript office building in Littleton, insurance agents sit in cubicles, talking into headsets. They are fielding calls from homeowners searching for coverage that won't break the bank. "It's just completely unaffordable," said Morgan Lloyd, an agent at the…...
Wildfire coverage can be carved out of homeowners insurance
3+ week, 2+ day ago (299+ words) Nevada has become the first state to allow insurance companies to issue policies that exclude wildfire coverage. The experiment, which could become a national model, aims to tamp down skyrocketing costs. But critics worry it could hurt homeowners. The new…...
Purplish: Colorado’s homeowner’s insurance on shaky ground
2+ mon, 1+ week ago (246+ words) Colorado, like the rest of the country, is experiencing more, and worse, climate disasters, wrecking havoc on people's homes " and their homeowner's insurance rates. In the wake of devastating hail storms and massive wildfires, Coloradans face rising premiums, less choice…...
As insurance costs increase, Mountain West homeowners ask for more protections
2+ mon, 2+ week ago (405+ words) More than 8,000 homeowners in the Mountain West are among the 44,532 nationwide to sign a new petition by the nonprofit Consumer Reports, asking for more protections and transparency from insurance companies. The petition calls on the CEOs of the biggest insurers…...
Many Colorado homeowners are underinsured − here’s what to do before the next fire
4+ mon, 2+ day ago (801+ words) Most Colorado homeowners do not have enough insurance coverage to rebuild their house after a total loss. That's according to our new research examining whether homes destroyed in Colorado's Marshall Fire -- which burned more than 1,000 houses in suburban Boulder County…...
For private flood insurance companies, the government shutdown is good for business
4+ mon, 1+ week ago (587+ words) MIAMI " Among those feeling the pain of the government shutdown are people in coastal areas and other locations where they need flood insurance. The government-backed National Flood Insurance Program stopped writing new policies on Oct. 1 and can't resume until it's…...
Colorado insurance commissioner discusses living in beautiful communities, wildfire risk
6+ mon, 1+ week ago (381+ words) A panel of insurance and real estate experts gathered in Edwards recently to discuss how wildfire risk, legislative efforts, and health care innovation are shaping insurance costs and availability in Colorado. The Vail Valley Partnership event featured Colorado Insurance Commissioner…...
Colorado’s property insurer of last resort is now covering more than two dozen families
7+ mon, 1+ week ago (398+ words) This story was produced as part of the Colorado Capitol News Alliance. It first appeared at'coloradosun.com. More than two dozen families are being covered by Colorado's new property insurer of last resort, which was created by the legislature to…...