
Final week I requested all of you How can the state of Colorado assist scale back insurance coverage prices? The true property execs have spoken and as you’ll be able to see from the chart above, probably the most chosen response is that the state of Colorado wants to remain out of the Colorado Insurance coverage market to maintain costs from going from dangerous to worse
What did actual property execs say about easy methods to scale back insurance coverage prices in Colorado?
I used to be truly a bit stunned that 17% felt {that a} larger push for a public insurance coverage choice was the most effective answer even after we’ve seen disastrous results in California from the identical proposal. On the flip facet 67% felt the legislature ought to both keep out of the insurance coverage market and/or there’s nothing the legislature can do a method or one other to unravel the insurance coverage disaster in Colorado.
Key insights on how Colorado can scale back insurance coverage charges
Thanks everybody to your participation and insights in my survey. My key takeaway from this survey is that Colorado is in a troublesome spot with insurance coverage with the bulk considering that the legislature wants to remain out of the insurance coverage market . We’ll get to see how this all shakes out as our legislature continues to suppose that the one answer to something taking place within the state of Colorado is so as to add an increasing number of laws. Thanks once more and keep tuned for upcoming surveys 😊
Further Studying/Sources:
- https://coloradohardmoney.com/colorado-eliminates-private-property-insurance/
- https://coloradohardmoney.com/class/survey-results/
- https://www.fairviewlending.com/where-should-you-invest-in-real-estate-in-2026/
- https://www.fairviewlending.com/fed-drops-rates-why-did-mortgage-rates-barely-budge/
- https://www.fairviewlending.com/phantom-debt-soars-what-does-this-mean-for-real-estate-2/
- https://www.fairviewlending.com/never-buy-a-residential-condo/
- https://www.fairviewlending.com/the-war-on-landlords/
- https://www.fairviewlending.com/house-prices-hit-another-record-should-you-even-care/
- https://www.fairviewlending.com/root-cause-of-real-estate-price-declines/
- https://www.fairviewlending.com/will-real-estate-fall-to-2020-values/
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Glen Weinberg personally writes these weekly actual property blogs based mostly on his actual property expertise as a lender and property proprietor. I’m not an armchair reporter/author. We’re an precise personal lender, lending our personal cash. We service our personal loans and personal industrial and residential actual property all through the nation.
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