Some Colorado homeowners say a single line in their insurance policy cost them thousands
COLORADO SPRINGS, Colo. (KRDO) – Home insurance rates in Colorado have surged more than 50 percent in just a few years. But some homeowners say it’s not just the price of coverage that’s changing — it’s what that coverage actually pays.
KRDO13 Investigates found a little-known clause buried deep inside some homeowners’ insurance policies that can drastically limit how much a company will pay after a disaster.
For some condo owners, that clause has meant the difference between tens of thousands of dollars in coverage or just a few thousand dollars paid…