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The Conversation
Tony Cookson, Associate Professor of Finance, University of Colorado Boulder

Many Colorado homeowners are underinsured − here’s what to do before the next fire

Many people who lost their homes in the Marshall Fire were underinsured. The Washington Post/GettyImages

Most Colorado homeowners do not have enough insurance coverage to rebuild their house after a total loss. That’s according to our new research examining whether homes destroyed in Colorado’s Marshall Fire — which burned more than 1,000 houses in suburban Boulder County — have been rebuilt.

We are economists who study the financial resources available to households to cope with disasters, including insurance, crowdfunding and federal disaster aid.

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