Colorado voters Tuesday night struck down Amendment 34, which
would have allowed homeowners to collect larger damages from
construction companies that produce less-than-satisfactory
The current damage limit is $250,000.
Advocates for the amendment said it would protect homeowners by
allowing them to be fully compensated for unsatisfactory
construction. Damages would be considered on a case-by-case basis,
rather than as a blanket policy. If enacted, proponents said the
system would have favored property owners instead of construction
Arguments against the amendment included that the proposal would
increase the cost of homes, insurance and number of lawsuits. Those
opposing the amendment said it would allow lawsuits against
construction companies and anyone else who makes improvements to
the property. Amendment opposition believes the current system is
fair to both property owners and construction professionals.