Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, email@example.com
NEW YORK, Jan. 3, 2022—Reporters covering the aftermath of Colorado’s wildfires can contact the Insurance Information Institute (Triple-I) for interviews and analysis.
The Boulder County Disaster Assistance Center opened today to serve people impacted by the Marshall Fire. It is situated at the Boulder County Southeast County Hub, 1755 South Public Road, Lafayette, Colo. Insurers are already operating there, according to Carole Walker, executive director, Rocky Mountain Insurance Association (RMIA).
A standard homeowners insurance policy covers wildfire-caused property damage to a home’s structure and its outbuildings (e.g., garage) as well as the personal belongings housed on the premises.
A standard renters insurance policy covers the renter’s personal belongings.
Standard homeowners and renters insurance policies also provide additional living expenses (ALE), sometimes referred to as Loss of Use, to policyholders who either relocated because of a mandatory evacuation order or had their residence rendered uninhabitable due to wildfire-caused property damage.
Water damage caused by firefighters extinguishing a fire is covered under both homeowners and renters insurance policies.
In addition, RMIA’s website offers insights into Colorado’s homeowners insurance market.
Facts & Statistics: Wildfires