In early 2024, American National Insurance made the decision to leave the homeowners insurance market in Colorado and several other states, due to rising costs and challenges in maintaining affordable policies. With Colorado’s increase in natural disasters, like wildfires and hailstorms, insurers are finding it difficult to balance coverage needs
Colorado winters are no joke, and as the snow starts piling up, the demand for snowplow services surges. Snowplow operators are essential, keeping roads, driveways, and parking lots clear so that life can go on, no matter what the weather brings. But with this demand comes some serious risks, from
Larimer County, located in north-central Colorado, is a stunning region that seamlessly combines urban conveniences with natural beauty. Anchored by the cities of Fort Collins and Loveland, the county is known for its vibrant culture, thriving economy, and outdoor recreation opportunities. With the Rocky Mountains to the west, Larimer County
Winter driving in Colorado brings a unique set of challenges, thanks to snow-covered roads, icy surfaces, and often limited visibility. Colorado’s mountains and high altitudes mean that winter storms can arrive quickly, making the roads especially risky. Across the United States, nearly 1.3 million car accidents each year are attributed
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 state’s 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 couple’s 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
