In Los Angeles most of the homeowners were de-insured and will not be able to return home and rebuild on prime real estate - they are forced to sell.
I've tried to find what this means exactly and it's partly answered in the fact that further insurance is denied but my question is what are the full consequences of this action?
Does it mean that no one will ever be able to rebuild on the sites affected by the fires?
It says they are forced to sell but if further insurance will be denied then the land is surely worthless because of it being un-insurable and therefore they won't be able to sell the land?
Or are the insurance companies denying payment on existing insurance?
The word were in the bold sentence above makes it sound like the home owners were denied insurance even before the fire struck. Is that a correct interpretation of the bold sentence?
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