Marshall Fire in Superior CO

[SSChameleon]

As for insurance questions goes (for people who got affected).

I know some insurance company only covers rebuilding (my insurance at amfam) vs purchasing a new home.

Also how does ALE works?


https://www.investopedia.com/terms/a..._insurance.asp


Fire and casulty guys, please elaborate. ��

ALE will vary by carrier and policy. The cheap home polices will have caps on ALE. State Farm has a policy that is ?actual loss sustained? so they will pay any increased expense (rent, mileage, food ordered out)

Replacement cost will also vary. Some carriers will require you to build on the same dirt, some will let you purchase elsewhere (but not pay more for location or quality of build upgrade) and the carrier will get the deed to your burned out lot.

This where many people will learn the difference between a $800 and a $2000 homeowner policy.