Fires, hail mean a rise in insurance rates

Insurance companies doing business in Colorado have significantly raised homeowner’s insurance premiums in response to a series of expensive disasters last year including the devastating High Park Fire.

Colorado hail storms and wildfires led insurers to raise premiums by percentages in the double digits, people in the insurance industry say.

Dylan Kantzler, broker-owner of Fort Collins Insurance Agency, said he has seen homeowner’s insurance premiums rise from 5 to 25 percent.

Kantzler, who sells policies for a variety of companies, believes premiums won’t let up for at least another year. “We’re going to be entering this hard market,” he said. “I…