Colorado lawmakers say new insurance fees lower costs: Critics say families pay the bill
By Cory Gaines | Commentary, Colorado Accountability Project
Rising homeowners insurance rates have been a hot topic at the capitol this legislative session. I wrote about a couple bills to do so in late April. That newsletter is linked first below.
It wasn’t too long after writing about this laser focus on homeowners insurance affordability by our legislature that I finally had a free minute to comparison shop on mine.
The picture heading this post is from one of the quotes I got. While the legislators talk a great game about affordability, right there on the quote are two brand spanking new fees they imposed. Let’s look at what they are.
The first is a $5.75 (yearly) fee assessed on my insurance: a Colorado FAIR Plan Recoupment Fee.
This program — FAIR standin...
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