Ten insurance companies doing business in Colorado agreed this week to extend coverage another year for Marshall fire victims who need temporary living expenses while they rebuild homes.
The agreement provides another year of benefits for 49 homeowners, according to a news release from the Colorado Division of Insurance. Additional living expenses are used to pay rent, utilities and other costs of a home while a person waits for their former residence to be repaired or rebuilt. Typically, it takes longer than one year for a person to rebuild a home from the ground up.
to customers who lost their homes in the December 2021 Marshall fire. Most insurance companies provide two years of coverage. Conway did not have the authority to force the expanded coverage but he did have the platform to use public pressure, saying he would publish a list of insurance companies who failed to meet his request.
“I am relieved to see these insurance companies giving their policyholders up to 24 months of ALE coverage,” Conways said in the news release. “For the homeowners that only had 12 months of coverage, I know that these extensions will be a small bit of relief in what continues to be a trying time.
Conway has been working with insurance companies to resolve gaps in coverage for homeowners so they will be better insured for the next wildfire.American Modern Property & Casualty Insurance Co.Hartford Financial Services
Homeowners. Meanwhile, as a renter, I haven't received anything from Assurant in 10 months. They've ignored my final ALE receipts - meaning they didn't pay them - and they've ignored me and the rest of the coverage in my policy.
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