The bill establishes new coverage requirements for
property and casualty homeowners insurance policies issued or renewed in Colorado, which requirements apply in the event of a loss of a residence as a result of a declared fire disaster.
The bill also establishes new requirements for insurers who issue or renew
property and casualty homeowners insurance policies, which requirements concern an insurer's handling of policy claims after such a loss occurs.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)