Colorado homeowners’ insurance rate hikes could push residents out of the state

Colorado Homeowners Insurance - Colorado Sign

Some property owners wonder how they will afford the impact of climate change and inflation on premiums. Colorado homeowners insurance rates have been heading rapidly higher due to the impact of climate change and inflation, among others, causing some residents to wonder if they will be able to afford to remain within the state. Many households in the state have watched their premiums climbing in the double digits. As the cost of inflation also impacts the price of other essentials, such as food, energy, fuel, and labor shortages affect child…

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Property insurance expansion approved by Colorado legislature

Property insurance - Colorado - Home

The decision was made to provide immediate and practical assistance due to wildfire losses. Victims of Colorado’s wildfires could soon benefit from more assistance from their property insurance companies as the state’s legislature recently approved changes. The goal is to provide policyholders and victims of the wildfires with immediate and substantial help. Should House Bill 1111 be signed into law, it will mean that the number of lost property insurance companies will be required to provide upfront coverage and to lengthen the timeframe victims have in which to apply for…

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