Join Abby Newsham, Chuck Marohn and occasional surprise guests to talk in depth about one big story from the week in the Strong Towns conversation, right when you want it: now.
Episodes
Wednesday Dec 07, 2022
Wednesday Dec 07, 2022
An increasing risk of wildfires has made insurance carriers wary of certain areas in Colorado—according to a recent Denver Post article—raising their premiums and, in some cases, opting to not cover them, at all. In just the past few years, heavily forested areas of the state have been hit hard by wildfires. The Marshall Fire of December 2021, for instance, caused $2 billion in damages and has turned out to be the most expensive wildfire in the state's history.
Quite often, homeowners discover that they're underinsured when these things happen, meaning their insurance policies don't provide enough money to rebuild their homes once a fire occurs. In mountain communities like Aspen, Vail, Telluride, Steamboat Springs, and others, insurance companies are starting to pull out, altogether.
So, what are homeowners to do? Abby Kinney and co-host Chuck Marohn discuss the situation in today's episode of Upzoned.
ADDITIONAL SHOW NOTES
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“Will insurance companies opt to leave Colorado?” by Noelle Phillips, The Denver Post (November 2022).
Comments (1)
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I think if there’s anything public policy should do is subsidize the relocation of these people. Give them ”last resort” insurance that when it pays out, forces them to relocate to an area without wildfire or flood risks. Let the homes be destroyed but not their lives.
Friday Jan 06, 2023
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