California has battled fire and floods in the past year and its happening in one of the most well-known areas of Southern California in Malibu. So much money is in that area and the nice homes to prove it. It’s really amazing to see all these million dollar homes being threatened by the fires in that area right now. The winds played a major role in spreading the damage and make matters worse and some of the gusts reached up to 50 mph.
I’m sure the homeowners are very worried out there and they probably aren’t the only ones, as I’m sure homeowners insurance will be writing a lot of big checks for that area, if a lot of these luxury homes do go up in blazes. I guess in some cases you will have art, furniture, jewelry, and other expensive items that you really can’t put a price on. The insurance companies might need to seek federal aid, if these claims start coming in as fast, like an area that’s been hit by a hurricane or tornado.
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