People who have suffered greatly due to disasters such as the recent California wildfires are getting help from home insurance providers as they are reimbursed for the cost of rebuilding their burnt homes. Many who fail to get ample coverage lost everything and the only help would be from the government which provides loans on such events to allow people some cash for rebuilding. The cost of the fires was estimated around $1 Billion and that amount is what insurance firms had to pay for. The notable difference is the actual smaller cost of the wildfires though they looked devastating, but compared to Katrina which cost insurers $41 Billion dollars, they got off easy with the fires.
Fire insurance is an integral part of basic insurance policies but more coverage can be purchased to expand or increase the amount you will be getting from the insurance company. This will entail more paymets but the few additional dollars wouldn’t matter if you lost everything and can be your way to get life back to normal as it was. Though rebuilding is truly an option, some people suffer more from the trauma and chose to relocate, rebuilding their homes in a different environment that does not remind them of the tragic events that burned through lives.