1. Pikes Peak Wildfire Prevention Partners March 27, 2015

2. Insurance Lessons Learned from Waldo & Black Forest Recoveries Sharing the Critical Importance of Insurance Preparedness Prior to Wildfires or any Natural Catastrophe Colorado Springs Together – Our Laboratory

3. Wildland Urban Interface (WUI) Prairie Urban Interface (PUI) Where Humankind Meets the Wild – living in the Trees, in the open Range, etc Increased Exposure to Wildfire

4. Increased Development in the WUI Recent Increases in CO Wildfires Waldo Canyon & Black Forest How Should We Face This Increased Risk?

5. New Natural Catastrophe Realities Insurance Preparedness Catastrophe Preparedness

9. Second Most Destructive CO Wildfire Two Residents Killed 347 Houses Totally Burned Many Partial Smoke and Heat Claims

11. 18,247 Acres Declared 100% Contained July 10, 2012 8 th Largest Wildfire in US History Most Costly in CO - $460M 5 th Worst Natural Disaster in CO

12. Duration: June 11-20, 2013 Human Caused 14,280 Acres Burned 2 Deaths 488 Homes Destroyed – Most Destructive $420M Estimated Damages

14. Waldo Canyon Residences in Two Square Miles Suburban – 15-25 years City of Colorado Springs Recovery Led Private Sector Black Forest Residences in 23 Square Miles Rural – Wide Class Range Unincorporated El Paso Cty Recovery: Public & Private

15. Predicted to Increase More People and Houses in WUI Colorado: Major National WUI Exposure

16. 8th Most at Wildfire Risk in US 14,900 Homes in Highest Risk Category $4.4 Billion – Reconstruction Cost Source: 2015 Wildfire Hazard Risk Report CoreLogic

18. 2009 Most Costly Severe Weather Season: $1.4 billion in insured losses July 2009 Hail Most Expensive Ins ure d Disaster: $767.6 million. 2012 Waldo Canyon Fire: $466.7 million(2014 dollars) 2013 Black Forest Fire: $426.3 million(2014 dollars)

19. HO Insurance Premiums Rising Higher Claim Frequency & Severity Trends Higher Building Costs / Larger, More Complex Homes CO Ranked #2 in “Cat” Claims (2009-2013)

20. Mountain Shadow Permits: 288 (83%) Black Forest Permits: 271 (56%) March 2015

22. Do You Buy Protection? or Do You Buy Low Cost?

23. General Rule: TOO LOW Review Current Rebuild Costs Review Add’l Structures Costs Report Structure Updates Annual Reviews

24. Periodic Reviews Include Recent Additions Local Building Costs Unusual Rebuilding Needs

25. How Can You Be Sure? Compare Multiple Replacement Estimates Check With Builder for “Rebuild or Reconstruction Costs”

26. Does Your Policy Include at Least 20% Extended Replacement Cost Coverage Does Your Policy Include Law & Ordinance (Building Code) Coverage? Does Your Policy Provide Up to Two Years Additional Living Expense (ALE) Required By CO HO Reform Act of 2013

27. Does the Automatic Limit Adequately Cover You? Review the Special Contents Limits Schedule Antiques, Fine Arts, & Collectibles Schedule Antiques, Fine Arts, & Collectibles Schedule Firearms, Jewelry, Computers & Other Valuables

28. Do You Run a Business from Your Home? Will Your Homeowners Policy Cover You for Any Business Contents Losses? Should You Consider a Separate Business Policy?

29. Higher Prices – Due to Recent “Cat” History Tougher Underwriting –Mitigation Higher Deductibles Some Unavailability Possible

31. Create an Inventory of Your Stuff in Home or Apartment Document Your Inventory – Pictures, Video, Receipts Store Inventory and Records AWAY from Home! Update the Inventory When You Make Major Purchases.

32. www.knowyourstuff.org NAIC: MyHome Scr.APP.book Mobile App Insurance Company APPs/Clouds FEMA's "Are You Ready? I.I.I.'s "Know Your Plan" app for iPhone

33. Reduce Exposures to Loss – Mitigation Know & Practice Evacuation Routes Centralize Valuables Needing Evacuation 72 Hr. Disaster Kit Back Up IT Data & Memorabilia

34. Stay Informed - News & Weather Information from Insurance Companies, RMIIA, Internet on Catastrophe Planning www.rmiia.org/catastrophesand statistics/wildfireandinsurance.asp www.rmiia.org/catastrophesand statistics/wildfireandinsurance.asp Maintain Periodic Contact with Your Agent or Insurer

35. Help a Neighbor Mitigate Identify Opportunities to Reduce Risk Advocate “Firewise” Communities Support First Responders

37. Really?

38. Best Protection May Cost More Preparedness Pays Dividends in Disasters Best Time to Start is Now

39. Thank You Thank You Pat Fitzgerald