A 91-year-old Waldo Canyon fire refugee who says a negligently drafted insurance policy left her unable to rebuild her home after it was destroyed in the blaze has reached an out-of-court settlement, documents show.
As a result of the deal, a judge last week dismissed a lawsuit filed by Velma Rose and her son, Ken Rose, alleging negligence and breach of contract by State Farm Fire and Casualty and one of its agents, William David Beadles of Colorado Springs.
The case had been scheduled for an Oct. 28 jury trial. Terms of the award are confidential.
The lawsuit, filed in March, said Rose was seeking to lower her insurance premiums in late 2011 when she stopped into Beadles’ office asking for adjustments.
Instead of raising her deductible, as she says she requested, the suit alleged Beadles lowered her homeowner’s coverage to the point she was unable to rebuild when her home burned as the Waldo Canyon fire blew up on June 26, 2012.