Colorado residents affected by powerful storms are beginning to sort through the wreckage and pick up the pieces. According to the Rocky Mountain Insurance Information Association, it is too early to estimate the total damage and cost of damage caused by the tornadoes, hail and heavy rain. Nevertheless, insurance companies are busy helping customers get back on their feet. Many have set up mobile claims service centers in the areas most affected by the storms, such as Windsor and Greeley.
“Residents who suffered damage from yesterday’s storms should contact their insurance agent or company representative immediately. Homeowners who are staying elsewhere need to let their company know how they can be reached,” said Carole Walker, RMIIA executive director.
According to RMIIA, Colorado can average 30 to 40 tornadoes a year with most occurring in late spring and early summer. Colorado’s most costly insured tornado losses were from the Limon Tornado on June 6, 1990, resulting in $20 million in damage or $30.8 million in today’s dollars. Colorado’s tornadoes have not added up to large insurance damage because they have historically touched down in less populated areas and the damage is typically more isolated than say a widespread hailstorm. Colorado’s most costly insured catastrophe was from a July 11, 1990, hailstorm that hit along the Front Range causing $625 million in damage, nearly $1 billion in today’s dollars.
For more information, visit http://www.rmiia.org/Catastrophes_and_Statistics/catastrophes.htm
Source: RMIIA
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