Homeowners who lost everything in the January wildfires are still on the hook for their mortgage payments. And in the coming months, some of them could end up paying rent for their temporary housing too.
It could take years for displaced homeowners to rebuild and move back into their neighborhoods. But some fire survivors will run out of insurance money to pay for temporary housing before they can return home, according to a new survey of nearly 2,000 survivors compiled by the organization Department of Angels.
Some people have already run out. Others didn’t have coverage for costs like temporary housing — typically known as “loss of use” or “additional living expenses” coverage…