California homeowners and business owners who lost everything in the devastating Los Angeles-area fires now have to tackle their insurance companies to recover the value of their homeowners’ policies – if they are lucky enough to have insurance at all.
With estimates of the economic damage from the fires now expected to reach over $200bn, we’d like to hear what financial consequences people face due to the fires.
Those who have lost their homes or businesses may face the question of whether they want to or can stay in LA due to financial consequences of the disaster: price gouging for rental properties in the city, outstanding mortgages for homes that have been lost, destroyed communities or unaffordable insurance premiums – we’d like to hear how people have been or may be financially affected by the fires.
