Many homes hit by Colorado flooding are without flood insurance

DENVER, CO — Thousands of Coloradans who didn't buy flood policies for their homes, businesses or farms could be facing staggering costs to clean up or rebuild after last week's deadly and devastating floods, according to ABC News.

Those affected by the floods might be distressed to learn that aid from the government is limited and “focused primarily on getting them temporary help with renting a new place or paying for relatively minor repairs on their homes,” the article stated.

According to the article, those lacking flood insurance to cover bigger, longer-term costs, may have to settle for a low-interest government loan or community-based relief groups for assistance.

"It's really a heartbreaking situation for these people. A lot of people don't have the assets or the savings to repair their house," said Eric Weedin, an insurance agent in Larimer County whose agency has seen a spike in calls from frantic homeowners.

While more than 7,200 homes and businesses were damaged or destroyed in the hardest hit counties of Boulder and Larimer, fewer than 6,000 home and business owners in those two counties had flood insurance, the article noted.

Click here to read the article in its entirety.

Cleanfax Staff

Cleanfax provides cleaning and restoration professionals with information designed to help them manage and grow their businesses.

Follow Cleanfax Staff

Related Posts

Share This Article

Join Our Newsletter

Expert Videos

Popular Content

Screenshot

Concrete Wars: Go to Battle With Ameripolish on Your Side

CoreLogic Straighttalk 800

Efficiency Meets Innovation: CoreLogic Revolutionizes Water Damage Restoration With Mitigate

ServiceMonster

ServiceMonster: All-in-One Client and Job Management Platform Built for Carpet and Floor Cleaners

Masters in Restoration Pricing & Documentation

Masters in Restoration Pricing & Documentation: How to Turbocharge Your Restoration Project Strategies

Erin Hynum

Revolutionizing Restoration: Introducing the DryMAX XL Pro Dehumidifier

Polls

How much does your company invest annually in training and education?

View Results

Loading ... Loading ...