Bills in the legislature can promise just about anything. (And so can the legislators who sponsor them.) Delivering on those promises, however, is another story.
House Bill 1057 is one such bill. Promising “additional protections for purchasers of homeowner’s insurance,” the bill strips away a consumer’s choice to insure your home for a specific dollar value and instead requires that all homeowners policies provide coverage at full replacement value.
While it may be prudent to insure at full replacement value, it’s also more costly than if you currently have your $250,000 home insured for $200,000. Prudent or not, that decision is a personal one best left to an individual or family – not dictated by state lawmakers.
That’s why CO-LAW and Colorado Civil Justice League are OPPOSED to HB 1057.
Click HERE to read CCJL’s Tracking the Legislature.
