(starting price – additional cost for travel distance and home size over 4,000 sq ft)
(starting price – additional cost for travel distance and home size over 4,000 sq ft)
This is not a question of IF, but WHEN!
The biggest investment in most individuals’ lives is their home.
The following are two natural disasters which caused homeowners to lose everything.
Most destructive (in terms of buildings destroyed) wildfire in Colorado history.
Cost = $2 Billion
Duration = 2 Days
Burned = 6,026 acres
Buildings Destroyed = 1,084
Deaths = 2
People Evacuated = 35,000
This wildfire was the first of its kind. Legislation has since come forth aimed at addressing the underinsured.
Requirement for insurers to offer coverage to address, inflation, building code upgrades.
Only 8% of Marsal Fire victims had enough insurance to replace their homes.
One of my former students was called out to inspect a majority of these homes, and said the devastation was beyond compare.
Now, 92% of these homeowners have no home and have been forced to leave the area.
Winds = 150 mph
Deaths = over 100
Structures destroyed and damaged = 3,200
Insurance Claims = 520,000
Complaints regarding insurance claims during the first 7 months after the storm = 8,000
Reasons = denials, underpayments, and policy cancellations
***Much of this could have been prevented if homeowners were better informed about their policies. The major problem in this case is the homeowners needed both hurricane and flood endorsements (FEMA) to be properly insured.
We’re from the Colorado area, but we proudly serve customers across the United States of America
