Homeowners

A 0.5% fee would be imposed under House Bill 1302 on every home insurance policy in Colorado, unless a house meets certain wildfire mitigation standards

The home reinsurance idea, which is unique to Colorado, aims to reduce private insurers’ financial risk and therefore drive down premiums.

House Bill 1182 would also require insurers to give customers an opportunity to appeal assessments of a property’s wildfire risk, which can lead to increased costs and nonrenewals