Colorado Lawmakers Push Hail-Resistant Roof Bill

Colorado lawmakers propose a new bill to impose a half-percent fee on home insurance policies, aiming to generate $20 million annually for grants that assist homeowners in replacing hail-prone roofs with hail-resistant ones. This initiative comes after a previous attempt failed, with the state now collecting the fee and distributing it for roof replacements. Homeowners insurance rates in Colorado have surged by 65% in the last five years, making it one of the ten most expensive states, primarily due to hail damage. The bill focuses on reducing hail claims to alleviate rate pressure and includes a study on wildfire best practices, given the states recent wildfire disasters. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e4e5b9c35f2bc103