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‘We’re Learning From Their Pain’: Front Range Homeowners Examine Insurance Following Marshall Fire – CBS Denver



BOULDER COUNTY, Colo. (CBS4)– Like Coloradans across the state, Denver resident Sara Henry watched the flames of the Marshall Fire tear through Boulder County subdivisions. Before the fire was out, she had contacted her insurance agent to check on her own coverage.
(credit: CBS)
“I think I emailed the agent Monday and said, ‘Where am I?’”
RELATED: Resources For Marshall Fire Victims
Henry, who lives in the Cherry Creek North neighborhood of Denver, wanted to know if her policy had kept up with rebuilding costs, which she believes have been recently impacted by supply chain cost increases and inflation.
“Sadly, as a result of the Marshall Fire, it brought to the forefront what I needed to do and I needed to do it fast.”
After speaking to her insurance agent, Henry decided to increase insurance coverage on her home by about 20% which she says will cost her an extra
$200 annually.
“To me it’s an absolute no-brainer to increase coverage,” she said. “I certainly don’t expect Boulder here in Denver but you just never know. I would rather be over-insured than under, for sure.”
Shannon Weston, who lives in Denver’s Washington Park neighborhood, said news coverage of the Marshall Fire also got her thinking.
(credit: CBS)
“I had not looked at my homeowner’s insurance since I bought the house 20 years ago. If something catastrophic happened and I could not be made whole, I would be in a lot of trouble,” said Weston, who retired from a job with the State of Colorado in 2018.
She contacted her insurance agent and spoke to him for about 15 minutes. She said the next day he told her she was underinsured by about $100,000, so she increased her coverage which actually decreased her annual premiums by about $300 per year. She said she believes improvements she had made on the home, like upgrading electrical systems and replacing the roof, which she hadn’t told her insurance company about, led to the premium decrease.
“It also got me to make a mental note that I need to call the insurance agent every five years or so. Rebuilding costs have skyrocketed since the start of the pandemic because of the supply chain.”
In Boulder County, realtor Laura Levy said what Henry and Weston have done since the Marshall Fire was spot on.
“If maybe the last time you updated was a year or two years ago, the cost per square foot to rebuild may be a lot higher than when you last updated your policy,” said Levy. “Just kind of like getting a checkup, it’s a good thing to do even if it’s once a year. I would say while people are thinking about it, make it a priority and get it done.”
Levy went on to say residents may want to consider increasing their coverage if they have made any improvements or upgrades to their home. She suggested landscaping or hardscaping might necessitate additional coverage.
“If you just spent $75,000 on your kitchen, they need to know that. Share that with your insurance agent right away.”
(credit: CBS)
Levy, who lives in the foothills of Boulder County, suggested running through various scenarios with your insurance agent, like floods or fire, and learning what will and will not be covered. She said even if your home is destroyed, you are obligated to continue making mortgage payments, find out how your insurance policy addresses that. Ask your agent about additional living expenses also known as ALE, she suggested. Those are costs such as hotels, meals, and paying for storage if you are displaced. How long will your policy pay for those things while you are displaced? Most policies should cover up to 12 months of living expenses.
Levy said insurance companies use a formulaic tool to determine rebuilding costs. She said she prefers contacting a local contractor and asking, “If I were to rebuild, about what is the per square foot cost?”
Following the Marshall fire, Levy followed her own advice, contacting her insurance agent and determining she was underinsured by about $50 per square foot. She increased her coverage to make up for the difference.
“Honestly, I would rather sleep well at night and pay higher premiums,” she said.
LINK: Rocky Mountain Insurance Information Association


Muhammad Mubeen Hassan

Hi. I am Muhammad Mubeen Hassan. I am SEO Expat and WordPress Websites Developer &  Blogger. 30 years old. I help entrepreneurs become go-to in their industry. And, I like helping the next one in line. You can follow my journey on my blog, for list Click Here If you need any post so you can email me on my this Email:  

Hi. I am Muhammad Mubeen Hassan. I am SEO Expat and Wordpress Websites Developer &  Blogger. 30 years old. I help entrepreneurs become go-to in their industry. And, I like helping the next one in line. You can follow my journey on my blog, for list Click Here If you need any post so you can email me on my this Email:  

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Realm Scans: Navigating the Uncharted Territories of Digital Discovery



In the expansive landscape of digital exploration, there exists a realm where information becomes an adventure—Realm Scans. Beyond a mere scanning service, this digital haven is where curiosity converges with innovation, and the uncharted territories of digital discovery come to life. Join us as we embark on a journey to unravel the unique dynamics of Realm Scans, navigating through the realms where information is not just scanned but transformed into a digital odyssey.

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“Digital Horizons: Exploring the Essence of Realm Scans” is not just an article; it’s an ode to the tech enthusiasts, the information seekers, and the digital explorers who recognize the profound impact of a scanning service that goes beyond the surface. It’s an acknowledgment that in the realms of digital discovery, Realm Scans stands as a beacon, inviting users to embrace the transformative power of information in the digital age.

As Realm Scans continues to redefine the digital scanning landscape, “Digital Horizons” invites us to appreciate the nuances of a service that transforms the ordinary into the extraordinary—an exploration where every scan is not just a document but a digital adventure waiting to be unfolded.

Harry Clam

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