Rebuild:LA Episode 004 - Do You Have Enough Wildfire Insurance with Real Estate Broker Pat Hanley

Rebuild:LA

Send us a text

When homeowners who lost everything in the Eaton and Palisades Fires called their insurance companies, some of them had a rude awakening, adding more misery to families who had already lost nearly everything they owned. What happens when you lose your home to wildfire? Do you have enough insurance? Can you even get enough insurance in California in 2025? What about your mortgage? Do you still need to pay for a house that no longer exists? And if you still have a home, what can you do to lower your risks and your insurance payments. Cameron Barrett interviews Real Estate Broker and community resilience expert Pat Hanley in this episode of Rebuild:LA.

Resources:

• California Association of Realtors
  https://www.car.org/
• Ventura Regional Fire Safe Council
  https://venturafiresafe.org/
• Team Rubicon
  https://teamrubiconusa.org/
• Home Hardening
  https://www.wildfirela.org/home-hardening/
• Defensible Space
  https://www.wildfirela.org/defensible-space/
• California Fire Safe Council
  https://www.wildfirela.org/fire-safe-councils/

Chapters

1. Intro (00:00:00)

2. Home Hardening and Insurance (00:02:20)

3. Trusts named as additional insured (00:05:15)

4. Paying mortgages in a disaster (00:06:00)

5. What to Ask Your Insurance Company (00:08:27)

6. Admitted v. Not Admitted Insurers (00:11:30)

7. State Farm Rating Downgraded (00:13:05)

8. Insurance Companies Are Running Out of Money (00:14:45)

9. Build Fire Safe Communities (00:16:20)

10. Ready, Set, GO for Your Home (00:19:00)

11. Team Rubicon (00:22:30)

12. Beacon Boxes (00:24:00)

13. Southern California Real Estate Market After the Fires (00:27:00)