1 week ago
15
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 reaching $52bn-$57bn, 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.
Share your experience
Tell us how the California fires may affect you financially going forward: whether you have to rebuild your lost home or business in the city, are in search of a new home elsewhere, or face any other financial repercussions, we'd like to hear about it.
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Share the financial consequences you are facing personally or for your business due to the wildfires in California. Have you lost your home or business? Has your insurance skyrocketed now? Or have you been financially affected in any other way?
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If you have lost your home in the fires, tell us what you may do next. Are you hoping to rent or buy a new home locally? Or may you leave LA? Share how staying in LA or moving elsewhere may affect you financially Optional
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