California homeowners facing huge losses from recent fires must brace for a tough fight with insurance companies, with economic damage estimates hitting $52bn-$57bn.
'We’re going to see some funky policies out there,' said Amy Bach, highlighting the uncertain language in insurance contracts as a major concern for homeowners.
Due to climate factors, many insurers are now refusing coverage in high-risk areas, forcing homeowners to rely on an unreliable state insurance program.
Homeowners may experience pressure from claims adjusters to settle quickly, often receiving far less than they're entitled to under their policies.
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