Colorado

Jul 15, 2013 4:34 PM by Tony Spehar

Black Forest Fire cost estimated at $292.8-million

Preliminary estimates for insurance damages in the Black Forest Fire amount to $292.8-million according to information released by the Rocky Mountain Insurance Information Association (RMIIA) on Monday.

According to the information 3,630 home and auto insurance claims have been filed as a result of damage caused by the Black Forest Fire which destroyed 486 structures. The estimated cost of damage makes the fire the second most expensive fire in Colorado history with the Waldo Canyon Fire still ranked as the most expensive at $453.7-million and 6,648 insurance claims.

The preliminary estimates for Black Forest show more property loss and fewer claims filed so far. Insurance experts say the reason for fewer claims could be that Black Forest is a more rural area with a wider variety of structures as opposed to the packed neighborhoods burned in the Waldo Canyon Fire.

More information on the the insurance process can be found at www.rmiia.org.

 

»Comments

Most Popular

Top Videos

1 2 3 4