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Uninsured motorists are a significant concern for drivers in Colorado. As of 2019, approximately 16% of motorists remain uninsured, a figure well above the national average of about 12%. This issue has grown in recent years due to economic pressures, policy shifts, and migration trends. Uninsured drivers not only jeopardize
In recent years, Colorado homeowners have faced a substantial rise in insurance premiums, with average rates increasing nearly 60% over the past five years. This surge, driven by escalating natural disaster risks and rising repair costs, has left residents searching for ways to manage their insurance expenses effectively. A
Commercial property crime is a significant concern for business owners across Colorado. Recent statistics show that crime rates can vary widely between urban and suburban areas, influencing the risks businesses face and the insurance coverage they need. For business owners, staying informed and taking proactive steps can be crucial to
In recent years, property crime and theft rates have become a growing concern in Colorado. As of 2024, the stateโs property crime rate is about 30% higher than the national average, with incidents of theft being a significant factor. Cities like Denver, Aurora, and Colorado Springs consistently see higher numbers
Recently, a California coupleโs home insurance was canceled after satellite images allegedly revealed roof damage, which the homeowners said was simply their solar panels. This situation highlights a growing trend of insurers using technology like satellite imagery and drones to assess risks. To read the full story, visit Moneywise. While
Though Colorado may be far from hurricane-prone regions, major storms like Hurricanes Milton and Helene can still impact homeowners insurance rates across the country. When hurricanes hit, insurance companies face enormous financial burdens due to the sheer number of claims for wind, flood, and property damage. To keep themselves in
Owning horses in Colorado is quite common, especially in rural and suburban areas where ranches and equestrian properties provide ample space for horse care and riding. The stateโs expansive landscapes, including open plains, mountain trails, and scenic parks, make it an attractive place for horseback riding and equestrian activities like
Colorado HOAโs have been experiencing surging insurance costs in the last year driving up premiums for homeowners in Colorado. Why is everything getting so expensive in Colorado? This article will explaining the jump costs and how your HOA can save money on insurance costs. Understanding the Surge in Colorado HOA
Commercial property insurance is vital for restaurants in Colorado due to the state’s unique environmental and operational risks. This insurance provides essential protection against potential damages to the building, equipment, inventory, and other physical assets caused by events like fires, severe weather, or vandalism. Given Colorado’s unpredictable weather, including heavy
Commercial auto insurance is crucial for restaurants in Colorado, especially those that offer delivery services or rely on vehicles for catering and supply runs. This coverage protects your business from the financial impact of accidents, property damage, or injuries involving company-owned vehicles. In a state like Colorado, where weather conditions
