Browsing: House Bill 1182

New law requires insurance companies to be transparent about wildfire risk discounts and consider mitigation efforts when assessing properties

Colorado has enacted a new law requiring insurance companies to consider homeowners’ wildfire mitigation efforts when assessing premiums, potentially leading to lower insurance costs for residents in fire-prone areas.

New legislation requires insurance companies to consider homeowners’ wildfire mitigation efforts when assessing premiums, potentially leading to lower insurance costs for Colorado residents.

Colorado lawmakers and insurance industry representatives have reached a consensus on House Bill 1182, aiming to regulate how insurance carriers determine homeowners’ wildfire risk and premiums.

House Bill 1182 seeks to provide homeowners with more information on how insurers assess wildfire risk and determine premiums.

Legislation seeks to make Colorado property insurers more transparent about wildfire risk assessments and mitigation efforts.

House Bill 1182 seeks to make insurance companies more transparent about assessing Colorado homeowners’ wildfire risk and the premiums they pay.