One of my greatest joys since relocating from North Carolina is that we legitimately have four seasons, each with its own appeal. Growing up I seem to recall a very long season of “Hot” a short season of “Wet” and a short season of “Brown”.
Welcome to claims season in Colorado. Our fourth season, it comes after Ski Season, Shoulder Season (aka Mud Season), and 4th of July.
Fire Claims
The Cold Springs Fire, near Nederland, is fully contained and the 2,000 residents evacuated last week have returned to their homes. So far, the Boulder County fire is the most destructive this season burning 8 homes.
The Beaver Creek Fire, the state’s largest, has blackened nearly 35 square miles near the Wyoming border and continues to burn mostly out-of-control.
The Hayden Pass Fire, SE of Salida, is now 30% contained after burning 25 square miles and forcing evacuation of about 100 residents and campers.
Residents with adequate homeowners insurance have coverage under the policy limits to repair and rebuild the structure of their home, replace their personal belongings and additional living expenses if they need to live elsewhere while their home is being repaired or rebuilt.
Make sure you are working with your insurance company’s adjuster (that’s who your contract is with) and a reputable contractor. Cars that are damaged or destroyed are covered under the optional comprehensive portion of your auto policy. Renters insurance pays to replace personal belongings up to the policy limits.
Hail Claims
Severe weather season is here. Summer is the state’s peak summer hail months. Believe it or not, hail is Colorado’s most costly risk – costing $3 Billion in insured losses over the past decade.
If you have experienced a hail storm and think it may have damaged your roof, be cautious in selecting an appraiser or repair company. Unfortunately, there are a number of scammers out there going door to door.
Visit the Better Business Bureau for tips to avoid a roof scam (and join the #NoRoofScams Campaign to warn your neighbors).
Whether it is a fire claim or hail claim, you need adequate insurance coverage before the loss. Review your policy annually to make sure your coverage is sufficient and based on recent cost-of-construction data. If you are uncertain how much coverage you need, consult with a reliable agent. And, if you are in the unfortunate position and your loss has been denied, consult with an attorney with insurance coverage experience.
