Waldo Canyon Fire Update

Demolition

2310 Courtney Drive Before

2310 Courtney Drive AFTER

Avg 3200 sq ft house = $18K-$20K in Demo Costs

Demo for Stucco & Debris= $25K+

Demo Process…EEEK!• Permits

– Regional Building Dept (PPRBD.org)

– City of Cos Utilities-

• Disconnect Utilities prior to demo process

• Camera sewer line for sledge/ash build-up

– City Engineer

• Erosion Control & inform Owner On Sewer & Water impact

– El Paso County Health Dept

• Debris must be “burrito’ed” for landfill

• Monitor for dust & sediment- water dusting at City/County Engineer

• Concrete/Foundation disposal ($350 asbestos testing)

Insurance - Then & Now

Insurance- Then & Now Details• Code Upgrade Insurance Reimbursement-

– 5%-50% of Total Rebuild Costs

• Demo Portion is typically separate= 5% of contents and/or structure

• Rebuild Cost= Estimate Like & Kind

• Contents- Expect 5%-35% depreciation payout– Appliances =grey area between contents and

structure

FYI- Many insurance adjusters get residual income/bonuses from remaining unused policy funds. Don’t leave $$$$ on the table!

Insurance Moving Forward…

• The Future for Homeowners Insurance is likely to rise for All of Us- may take up to 2 + years to see the effects

• Flood Insurance-

– Cost= that or greater than avg Homeowner policy

– 30 days waiting period for Policy Coverage

– “Up to 25% of Flood Claims are from Low to Moderate Risk Areas”- Carole Walker, Executive Director of Rocky Mountain Insurance

Association – Gazette Telegraph Sept 05, 2012

Rebuilding Community

• Possible New Code Requirements:

– Non-Combustible Exterior Materials: Decking, Fascia,

Soffit, Stucco or Cementious Siding….Bye Bye Shake

Shingle Roofs!

• Code Requirements are Changing DAILY!

• CSFD trying to mandate prior to approvals

• Pikes Peak Regional Building Department (PPRBD)

Determines, Regulates & Enforces “Code”.