Colorado Deductible Law (SB 12-038) PDF Overview
What this PDF covers
This PDF provides an overview of Colorado Senate Bill 12-038, a law focused on protecting property owners who hire residential roofing contractors and setting clear requirements for contracts tied to insurance-funded roofing work.
Why it matters
A key point in the law is that roofing contractors cannot pay, waive, rebate, or promise to cover any part of an insurance deductible. This type of offer can be treated as insurance fraud and may create serious issues for both the homeowner and the contractor.
Key highlights at a glance
- Deductibles must be paid by the policyholder; contractors cannot cover or forgive them.
- Roofing agreements should be in writing and clearly outline scope, cost, and timing.
- Insurance-related payments are handled with specific requirements and safeguards.
- Homeowners may have cancellation rights in certain claim-denial situations.
Who should read this
This document is helpful for homeowners filing an insurance claim for roofing work, contractors working on insurance-related projects, and anyone who wants a clearer understanding of compliant, ethical roofing practices in Colorado. wants a clearer understanding of compliant, ethical roofing practices in Colorado.