Tuesday, June 3, 2008

Recent Colorado Tornado Proved Most Costly

Recently, residents in Windsor, Colorado and surrounding communities began the process of repairing and rebuilding their homes, as they begin filing claims and meeting with insurance adjusters.

Based on preliminary estimates the damage from the hail, wind and tornadoes are adding up to an estimated 20,000 claims and $147 million in insured damage to cars and homes from the fierce storm.

The estimated 8,000 property claims range from glass and roof damage to homes ripped from their foundations and completely destroyed from the force of the tornado. The estimated 12,000 auto claims range from everything to hail dents on cars to totaled vehicles. Homeowners insurance covers damage from tornadoes, wind and hail, while damage to vehicles is covered if you carry comprehensive insurance on your auto policy.

“It is common for Colorado to get hit with hundred million dollar hail storms because they can cause damage to such a large area—pummeling thousands of cars and homes in a matter of minutes,” says Carole Walker, executive director of the Rocky Mountain Insurance Information Association. “However, historically tornadoes haven’t caused this amount of costly damage in Colorado because they have touched down in less populated areas. Unfortunately, this time residents of Weld County were caught in the path of a devastating storm.”

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