Instant Insights / Wildfires & their destruction

Deadly and destructive wildfires have destroyed or damaged thousands of homes and businesses across the globe, and have caused billions of dollars in insured losses in recent years.

Expert Opinion

Wildfire took your home? Don't count on insurance

A new study concludes the prevalence of under-insurance among American homeowners might be close to 80%.

By Liam Denning | April 11, 2019 at 12:08 PM

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(Bloomberg Opinion) — Own a home? No doubt you’ve insured it. Very sensible of you. But if that home were, say, burned to the ground, then your insurance company probably wouldn’t cover the cost of rebuilding it.

Don’t feel too bad, though. It’s only partly your fault.

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