Here in California, a natural calamity that most Californians are afraid of is the earthquake. However, as you may have heard, brush fires are also a big threat. Up to now, the fire is still going on on various parts of Southern California. The counties that are getting hit are San Diego, Orange, and Ventura. Thousands of homes have been destroyed and there are quite a few that have been severely damaged. As you can see on TV, Malibu is the place where there were quite a few celebrities live. So we’re talking about estate ranch or million dollar homes in the area. So you can really imagine that the losses would hit in the billions after accounting for all the brush fires that are happening here.

So for most homeowners, it is really time to check what kind of coverage you have. Is it enough to cover your losses? How about the loss on the market value? What are the coverage for your assets?