Insurers Estimate State Wildfire Damage At $449.7M

By: AP
By: AP

DENVER (AP) -- Insurers estimate that Colorado wildfires that destroyed over 600 homes are responsible for at least $449.7 million in damage.

The figure released Tuesday by the Rocky Mountain Insurance Information Association is based on claims filed so far for houses lost at the High Park Fire in Larimer County and the Waldo Canyon Fire in Colorado Springs. It also includes claims for personal belongings and cars lost and living expenses in the fires' aftermath but not commercial losses. It's expected to grow as claims are processed.

Waldo Canyon accounted for the bulk at $352.6 million while High Park homeowners have filed for $97.1 million in damages.

Association spokeswoman Carole Walker said there were more homes without insurance and a greater variety of property values in the High Park burn area than in Colorado Springs.

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