Risk ratings weighed for homes in fire-prone areas
DENVER — More than 550,000 Colorado homes in wildfire-prone areas could be assigned a risk rating that would be provided to insurance companies under a plan considered by a state task force.
The Denver Post reports plans discussed by the group Wednesday could also call for a fee on homes in fire zones to help pay for local fire-prevention efforts.
The task force has until Sept. 30 to submit ideas for keeping forests healthy and limiting wildfire damage to Gov. John Hickenlooper, who established the group.
The Legislature would have the final say on whether the proposals are enacted.
Homebuilders on the task force warn that risk ratings could drive down property values and make insurance hard to get. An insurance industry representative warns against state interference in the underwriting process.