COLORADO (KKTV) – A new Colorado law that took effect Oct. 1 could help homeowners save money on insurance by recognizing the work they’ve done to protect their homes from wildfires.
The law, known as House Bill 25-1182, also gives homeowners more information about how insurance companies determine their property’s wildfire risk.
Under the law, insurance companies licensed in Colorado that use wildfire risk scores must explain how they rate a home’s wildfire risk. The rules also apply to the Colorado FAIR Plan…