Colorado Lawmakers Propose Raising Initial Payouts For Disaster Victims (Colorado News Online)

Colorado Lawmakers Propose Raising Initial Payouts For Disaster Victims

  Monday, February 7th, 2022 Source: Colorado News Online

When wildfire struck Grand County, Marjorie Cranston and her husband lost their home of 15 years.

The loss was hard enough, Cranston said, without spending months scouring her brain to remember every single item lost in the flames.

The 2020 East Troublesome Fire destroyed an estimated 366 homes, including Cranston’s home between Grand Lake and Granby. Cranston, 72, and her husband had homeowners insurance that was supposed to cover the property and its contents.

Under a 2013 state law, insurers must pay disaster victims 30% of the value of their lost contents — as insured under their policy — immediately after a total loss. But Cranston soon learned just how difficult it would be getting the rest of the money they were owed.

The couple’s first insurance adjuster ‘didn’t advise us,’ Cranston said, declining to give the name of their insurance carrier. ‘He didn’t really tell us too much as far as what to expect either.

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