COLORADO (KOAA) — Lawmakers at the Colorado State Capitol unveiled a bill they say would make property insurance across the state more affordable.
The legislation looks to stabilize Colorado's homeowners insurance market by creating a grant program to help community members fortify their roofs against costly wind and hail damage.
New data from the Division of Insurance show Colorado homeowners insurance rates are some of the highest in the nation, with hail damage accounting for an average of 26% to 54% of an annual premium.
- Watch News5's coverage on hail risk below:
The data estimates hail mitigation has the potential to save homeowners an average of $82 to $387 per year.
The new program would be funded by a 0.5% fee on insurers' multiperil homeowners insurance premiums starting in 2027.
___
The environmental fallout after a fuel truck spill in Pueblo last month
A fuel truck spill that happened along I-25 in Pueblo shut down the interstate overnight last month.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.
