Purplish Colorado’s homeowner’s insurance on shaky ground
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Dec 12, 2025 Colorado homeowners are facing skyrocketing insurance premiums due to worsening climate disasters like hailstorms and wildfires. Insurers are withdrawing from risky areas, leaving many without coverage. The hosts highlight a new state 'fair plan' as a last resort for affected residents. They discuss the impact of hail, which drives 60-70% of premiums, and Governor Polis' proposal for subsidizing hail-resistant roofs. Mitigation efforts are showcased as crucial in saving homes, although challenges in funding and insurer trust remain.
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Yuma's Devastating Hailstorm
- A spring 2024 hailstorm in Yuma left roofs destroyed and homes flooded within an hour.
- Local contractor Kevin Means says 99% of roofs were destroyed and repairs have been nonstop.
Rising Costs Linked To Climate Risk
- Colorado is now one of the top 10 most expensive states for homeowners insurance with premiums up 65% in five years.
- Climate change and more frequent, severe disasters are key drivers raising insurance costs and risk exposure.
Dual Catastrophe Reality
- Colorado is a dual catastrophe state where hail and wildfires drive most property risk and losses.
- Almost half the population lives in the wildland-urban interface, increasing wildfire exposure and claim costs.