waldo canyon fire update - coloradoadvantage · waldo canyon fire update. demolition. 2310 courtney...
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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”.