A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires, according to a CoreLogic report issued on Friday.
Of the total at-risk homes, 13,526, or 16 percent, with an estimated reconstruction cost value of more than $5 billion are at significant risk of damage, falling in the high and extreme risk categories, according to CoreLogic.
The reconstruction cost values, or RCV, represent estimates to rebuild the home, taking into account geography, labor and materials and are based on total destruction.
Topics Catastrophe Natural Disasters California Wildfire Homeowners
Was this article valuable?
Here are more articles you may enjoy.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
