$440/month? Colorado homeowners crushed by soaring insurance bills
By Sarah Horbacewicz | CBS Colorado
Homeowners insurance is getting more expensive, and in a high-risk state for hail and wildfires, some Coloradans are feeling the financial pinch. Rocky Mountain Insurance Association says Colorado ranks second in the nation for hail insurance claims and ranks second for the number of homes in high-risk wildfire areas.
Colorado also has the sixth-highest homeowners insurance premiums.
In the 25 years she's lived in Broomfield, Melinda Endres says she's never seen a bill like this June's mortgage.
"I thought it was a mistake. I thought, are you kidding?" Endres said, "We get this letter saying that it's going to increase to over $2,000 now, and that's more than $300 a month."
So Melinda said she called her broker, and they told her tha...