Rocky Mountain Insurance Information Association
Federal researchers have been working on a system to measure and predict the destructiveness of wildfires – similar to the way officials use the magnitude scale for earthquakes and other tools to rate and evaluate tornadoes and hurricanes.
Flood insurance isn’t a standard part of homeowners insurance. It’s an extra provided through the National Flood Insurance Program.
Insurers estimate that the recent wildfire in Colorado Springs caused nearly $300 million in damage.
Some people who lost their homes to the High Park Fire say insurance companies are not doing enough to help them rebuild.
Insurers estimate that recent wildfires in Colorado caused at least $449.7 million in damage.
Groups of private firefighters hired in recent years have been protecting homes with high-end insurance policies in wildfire evacuation zones.
Many of the people forced out of their homes by the High Park Fire are now turning to their insurance agents for help.
Insurance agents say the financial toll of last week’s hailstorms in Colorado and Wyoming is in the millions of dollars.
Summer is prime time for car thieves. Last month 570 vehicles were stolen in Colorado.
Many homeowners buy insurance for storm damage, but they are then surprised to learn they aren’t protected when trouble happens.