An effort in the legislature to attack rising property insurance costs in Colorado failed in the last days of the session. The measure would have tacked a 1% fee onto property insurance policies statewide, increasing the average premium by $32 per year. The administration believed the fees ultimately would have lowered skyrocketing homeowners insurance costs. According to the Loveland Reporter Herald, House Bill 1302 died Tuesday in a Senate committee hearing at which Democrats joined Republicans to defeat the measure.
Bipartisan vote kills governor’s plan to lower homeowners insurance costs in Colorado
Join Tracy Axton of FMS Bank at 8:20 each weekday morning for an update on the latest rate info and how it relates to Northern Colorado’s housing market.