In Summit County, Colorado, residents invested $500,000 in wildfire mitigation through tree clearing and fire breaks but still faced rising insurance premiums. This reflects a broader state trend where, despite homeowners' efforts to mitigate wildfire risks, insurance costs have soared over 52% from 2019 to 2022, with some areas experiencing hikes of over 1,000%. Acknowledging the discontent, Colorado lawmakers introduced House Bill 1182, which mandates insurers to consider verified mitigation efforts when determining rates. This move is seen as a potential shift in the insurance landscape, though its effectiveness remains uncertain.
When neighbors in Summit County pooled a half-million dollars to clear dead pines and carve out a massive fire break... they thought they'd done everything right.
Across Colorado's mountain towns, homeowners are pouring time, sweat, and money into wildfire mitigation only to watch their premiums climb anyway.
A new law, House Bill 1182, will soon require insurance companies to factor verified wildfire mitigation into how they set risk and rates.
It's a long-awaited win for homeowners demanding credit for their efforts, but whether it's enough to slow the state's runaway insurance costs remains to be seen.
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