A GoFundMe has been started to assist the homeowners while they wait for insurance to process their claims, reported local media in Colorado Springs. CLICK HERE TO GET THE FOX NEWS...
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An estimated 321,294 homes across Colorado valued at $141 billion are at risk of being destroyed by wildfires, according to a new report that influences how insurance companies set rates. CoreLogic’s 2024 Wildfire Risk Assessment comes as insurance companies increasingly rely on technology to help them determine how big the wildfire risk is across the United States and, in turn, how much they need to charge homeowners to cover those risks while still turning a profit. The problem, according to...
Linda Peterson was stunned when she received the renewal notice for her homeowner’s insurance policy a few weeks back. ; The annual premium was rising from $1,370.74 a year to $1,981.99, a much larger jump than she had expected even with the calamities she witnessed in her own backyard of Colorado Springs. ; “We have lived here 20 years, and it is the biggest increase we have received,” she said. ; The dismay Peterson experienced is expected to become much more common in the months ahead as insurers in Colorado try to bring premiums into line with claims.
Some Colorado homeowners, especially those on fixed incomes, are facing a crisis as home insurance premiums continue to rise in the state.
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More and more homeowners associations in Colorado's mountain communities are rewriting their policies to ban the use of gas grills by residents as more insurance companies say they won't insure HOA...
Leigh C. knew that the homeowners insurance on her home in Black Forest, Colorado, an area just northeast of Colorado Springs, would be renewing soon. But when she opened her new bill, she thought she had misread the number. “I called them to see if that was a mistake,” she told CNBC Select. While climate change isn’t solely responsible for rising homeowners insurance premiums (higher construction costs and other factors also play a role), it’s a major contributor — mainly because of t ...
Key Points ; American National is the cheapest car insurance company in Colorado overall, with an average rate of $19 per month for minimum coverage and $121 per month for full coverage. ; GEICO and Southern Farm Bureau also offer affordable car insurance rates for many driver profiles. ; If you’re under 25 years old or have traffic violations, your car insurance rates will be higher than the average.
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