Colorado insurance adjusters are spending the morning surveying damage and answering phone calls from residents hit by storms that tore through Arvada, Lakewood, Englewood, Wheat Ridge and up through Ft. Collins the evening of July 20. Reports of golf ball-sized hail, strong winds and heavy rains have downed trees, toppled fences and caused damage to roofs, siding and cars.
The Rocky Mountain Insurance Information Association said is still too early to estimate the total cost of this storm, but insurance companies are busy surveying damage and will begin meeting with customers throughout the day to begin the claims settlement process.
Homeowners insurance should cover damage from wind and hail, and damage to vehicles from hail and flooding is covered if policyholder carry comprehensive insurance on their auto policy.
“Residents who suffered damage from last night’s storms should contact their insurance agent or company representative immediately,” said Carole Walker RMIIA executive director. “Serious losses will be given priority.”
RMIIA said Colorado is considered “hail alley” and receives more damaging hail than almost anywhere else on earth. The week of severe weather that pounded the South Metro in June caused an estimated $161 million in insured losses, while the most expensive catastrophe in Colorado history swept through the Front Range on July 11, 1990, causing $625 million in hail and wind damage – that’s nearly $1 billion in today’s dollars.
For more background on Colorado’s most costly insured catastrophes, visit www.rmiia.org/Catastrophes_and_Statistics/catastrophes.htm.
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