CO · regulation notes
Colorado wildfire insurance & regulation
Paraphrased from official DOI / residual-market materials. Not legal advice — confirm live pages before relying on day counts or dollar limits.
FAIR / residual market
Last-resort property coverage launched in 2025. Plan materials typically require proof of three declinations from different standard insurers via a FAIR-registered agent. Coverage is limited (fire/lightning base; other perils optional) and materials emphasize actual cash value — confirm forms and any residential limit with the plan.
Non-renewal & notices
Secondary sources commonly cite about 60 days nonrenewal notice under C.R.S. § 10-4-110.7 — verify current statute text. Narrower federal-disaster fire protections appear in C.R.S. § 10-4-110.9 materials; confirm before relying on them. Score/classification should accompany wildfire-score-based notices once HB 25-1182 implementing rules apply.
Mitigation credits & disclosure
HB 25-1182 requires insurers using wildfire/catastrophe models or scores for homeowners to disclose score/classification, range, explanation, and mitigation discounts, and to incorporate property- and community-level mitigation or provide discounts. Bulletin B-5.56 (2026-02-10) guides annual written notice. Regulation 5-1-29 (homeowners filing requirements) is effective January 1, 2027.
Risk-score / appeal path
Under HB 25-1182, consumers may appeal to the insurer. Plan for acknowledgment within 10 calendar days and a decision within 30 calendar days — confirm effective dates of implementing regulations on the DOI site.
Homeowner takeaways
- Use the annual score/mitigation notice and 10/30-day appeal clocks if you disagree with scoring or completed mitigation.
- Keep three declination letters before applying to FAIR; understand ACV vs rebuild gaps.
- Document IBHS / Firewise / local mitigation for underwriting.
- Shop admitted markets annually; FAIR is pressure-relief, not first choice.