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Victims in Colorado Fire Face High Building Costs Exceeding Insurance Coverage
WSJ NEWS EXCLUSIVE | FINANCE
Victims in Colorado Fire Face High Building Costs Exceeding Insurance Coverage
Losses expected to reach $1 billion in fire that swept through suburbs between Denver and Boulder
By Leslie Scism and Nicole Friedman
https://twitter.com/lesliescism
leslie.scism@wsj.com
https://twitter.com/nicolefriedman
nicole.friedman@wsj.com
Jan. 7, 2022 5:30 am ET
Rising construction costs will push the price tag for rebuilding after Colorado’s most destructive wildfire beyond the insurance coverage of some homeowners, according to construction, insurance-industry and government officials.
Losses are expected to reach $1 billion in last week’s Marshall Fire, which swept through the suburbs between Denver and Boulder, Colo. Rebuilding the roughly 1,000 homes destroyed and repairing damage to hundreds of others will strain already stretched builders and supply chains.
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Victims in Colorado Fire Face High Building Costs Exceeding Insurance Coverage
Losses expected to reach $1 billion in fire that swept through suburbs between Denver and Boulder
By Leslie Scism and Nicole Friedman
https://twitter.com/lesliescism
leslie.scism@wsj.com
https://twitter.com/nicolefriedman
nicole.friedman@wsj.com
Jan. 7, 2022 5:30 am ET
Rising construction costs will push the price tag for rebuilding after Colorado’s most destructive wildfire beyond the insurance coverage of some homeowners, according to construction, insurance-industry and government officials.
Losses are expected to reach $1 billion in last week’s Marshall Fire, which swept through the suburbs between Denver and Boulder, Colo. Rebuilding the roughly 1,000 homes destroyed and repairing damage to hundreds of others will strain already stretched builders and supply chains.
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN