Colorado home insurance industry Archives

Colorado home insurance customers reel from new coverage struggles

May 20, 2024May 18, 2024 H. Cutner

Home Insurance - Person Stressed - Colorado Flag

Rates have been skyrocketing and property owners have been losing their coverage Residents of Colorado have been battling their way through the state’s home insurance market as rates head consistently skyward and coverage becomes increasingly difficult to get. The trend has been having an impact on the real estate market State residents seeking to buy a property or even simply wanting to keep the one they already have, have been facing new struggles, as they have been peppered with high prices, high interest rates, and massive property taxes. Beyond that,…

Skyrocketing Colorado Home Insurance Rates Triggered by Hail and Wildfires

August 15, 2023August 15, 2023 H. Cutner

Insurers in the state are blaming increasingly extreme weather and wildfires for the higher premiums. Home insurance rates are headed skyward again in Colorado as state officials estimate that one in two people in the state live in zones that are considered high-risk wildfire zones. Homeowners in the state have already watched their premiums rise by over 50 percent in three years. To keep up with the wildfire risk, on top of the risk of other damaging weather events such as hail, on top of the rising cost of home…