DENVER (KDVR) – More people are reporting insurance claims and waiting longer for repairs than ever in the past five years, industry experts say.
Everything has to do with forest fires and storms combined with the effects of the coronavirus pandemic.
Many areas in Colorado, particularly Adams and Weld counties, bear the brunt of the damage year-round.
Violent storms swept over Hudson and Keensberg on Friday morning.
The National Weather Service will investigate the damage from the storm in Keenesburg on Friday morning
Bryan Bernier of Professional Independent Insurance Agents of Colorado told FOX31 that knowing what’s on your homeowner’s policy is key to protecting your investment.
“Make sure you have enough cover to replace a roof because roofs are more expensive than ever,” he said.
Bernier told FOX31 that due to the scarcity of many materials and the rise in wood prices due to the pandemic, your coverage may not go as far as you expect.
“A couple of years ago a two-by-four was a few dollars, now it’s five or six dollars depending on where you look, but that’s shingles too, many supply chains are broken due to COVID,” he said.
It’s August and it’s snowing in Colorado
Some materials that were used to build older homes may no longer exist. Industry experts advise homeowners to review their policy and ensure their coverage takes into account any updated repair costs ahead of the next round of storms.
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