Whenever the improvements on property which has been homesteaded are insured in favor of a person entitled to the exemption and a loss is incurred entitling such person to the insurance or a part thereof, such insurance proceeds to the amount of the exemption shall be exempt in the same manner as provided for a sale of the homesteaded property.
Source: L. 53: p. 413, § 6. CRS 53: § 77-3-9. C.R.S. 1963: § 77-3-9.
Structure Colorado Code
Title 38 - Property - Real and Personal
Article 41 - Limitations - Homestead Exemptions
§ 38-41-201. Homestead Exemption - Definitions
§ 38-41-201.5. Legislative Declaration of Homestead Exemption for Mobile Homes
§ 38-41-201.6. Mobile Home, Manufactured Home, Trailer, and Trailer Coach Homestead Exemption
§ 38-41-203. Exemption Only While Occupied
§ 38-41-204. Surviving Spouse and Minor Children Entitled
§ 38-41-205. Of What Homestead May Consist
§ 38-41-206. Levy on Homestead - Excess - Costs
§ 38-41-207. Proceeds Exempt - Bona Fide Purchaser
§ 38-41-208. Survival of Exemption
§ 38-41-209. Insurance Proceeds
§ 38-41-210. Definitions - Vendor's Rights