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California town nearly destroyed by wildfire rebuilding with unique approach to insurance crisis

California town nearly destroyed by wildfire rebuilding with unique approach to insurance crisis
More than six years after California’s deadliest wildfire nearly destroyed the town of Paradise, residents are continuing to rebuild using unique strategies.
More than six years after California’s deadliest wildfire nearly destroyed the town of Paradise, residents are continuing to rebuild using unique strategies.
More than six years after California’s deadliest wildfire nearly destroyed the town of Paradise, residents are continuing to rebuild using unique strategies.
More than six years after California’s deadliest wildfire nearly destroyed the town of Paradise, residents are continuing to rebuild using unique strategies.
PARADISE, Calif. (KABC) — When rebuilding efforts begins in Altadena and Pacific Palisades, property owners will face many challenges. One of them will be finding insurance.
Due to the threat of wildfires, many property owners in California are dealing with rising home insurance rates, or seeing their policies canceled.
In the Northern California town of Paradise, residents are rebuilding using a unique approach to the insurance crisis. The town was nearly destroyed by 2018’s Camp Fire – the state’s most destructive wildfire.
The estimated value of homes lost in the Eaton and Palisades fires is almost $30 billion, which will surely add to the two overwhelming problems for homeowners wanting fire insurance in California: availability and affordability.

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