Warning: Creating default object from empty value in /home3/inspo77/public_html/wp-includes/ms-load.php on line 113
Colorado homeowners can expect to see rising home insurance rates

Colorado homeowners can expect to see rising home insurance rates

Colorado homeowners can expect to see rising home insurance rates
News from Denver Post:

Duane and Linda Peterson had their insurance premiums on their Colorado Springs home go up by 47 percent this year. (Karl Gehring, The Denver Post)

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.

It’s not the summer’s destructive wildfires that are to blame — those will likely spur more localized increases in a few years — but storms and catastrophes from 2008 to 2010.

“Insurance premiums are based on patterns and tre…………… continues on Denver Post

… Read the full article


Related News: