Only about 8% of the homeowners who lost their homes in the Marshall Fire in December had full replacement insurance coverage, and the other homes were underinsured by hundreds of thousands of dollars, according to a preliminary audit done by the Colorado Division of Insurance.
The analysis done by the DOI was based off claims provided by 61 insurance companies and 951 of the 1,084 homes that were deemed total losses in the fire and straight-line wind event.