CO HB1247

Homeowner's insurance policies issued or renewed on or after January 1, 2027 must include a mandatory and binding appraisal process that either the insured or insurer can invoke to resolve disputes over loss amount, causation, and scope of repairs

Insurers must provide written evidence supporting initial coverage determinations within 14 days, and if disputed, must conduct an on-site reinspection within 45 days of receiving a third-party damage assessment from the insured

Each party selects their own appraiser within 21 days; the appraisers jointly select an umpire before negotiations begin, with court intervention available if they cannot agree within 21 days

The appraisal process must be completed within 120 days after umpire selection, with each party paying their own appraiser and sharing umpire expenses equally

Willful or repeated violations constitute unfair or deceptive insurance practices, and policies cannot prohibit insureds from contracting with public adjusters or attorneys