Did You Know? Stricter Homeowner Insurance Requirements On The Horizon
Colorado is in the midst of wildfire season. Between the High Park, Waldo Creek and the Last Chance Fires, over 600 structures have been destroyed. Getting homeowners insurance may be more difficult for those with homes nestled in the forests. The recent wildfires have insurance companies seeking strategies to protect homes and reduce further losses. A long term build-up of woody fuels and recent hot, dry weather are contributing factors to the erratic fire behavior. Insurance industry response to the extreme wildfire season is a stricter enforcement of their defensible space rules. At this time, no homeowners insurance will be issued without a physical inspection and a defensible space plan for removing trees. This has put a kink in closings causing stress for both the seller and the buyer. Defensible space is simply an area around your home where fuels are modified and maintained in a manner that allows firefighters to work more effectively and in less danger. The defens...