State Farm Insurance has already received nearly 500 claims for homes damaged or destroyed in Colorado wildfires in the last several weeks. And company spokesman Brad Hilliard says the situation remains fluid as fires continue to rage.
"Well the extreme heat that we've been getting and just the overall dry climate that we have had has made this more of a high risk year."
It is also difficult to process wildfire claims because tens of thousands of people are still evacuated from threatened areas and may not know the extent of their loss. State Farm also says it can be tough to find people in refugee centers to help them. There's no dollar value available yet for the claims filed with the Bloomington-based insurer. But, spokeswoman Holly Anderson says it will be significant.
"So often these are total losses. Obviously the dollar claims are going to be a little bit higher."
State Farm says more than a quarter of the 494 home claims filed so far are total losses. Smoke and ash also have the potential to cause home and auto losses above the tally from flames alone.
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