Will California homeowners relocate or rebuild? Both are costly | CNN Business

CNN  — 

Tens of thousands of California residents will decide whether to permanently relocate or rebuild their homes after the most destructive fires in Los Angeles’ history.

Insurance companies may cover thousands of dollars in temporary housing and living expenses — unless homeowners are underinsured or not covered.

“The policy is generally going to cover the cost of additional living expenses while you are out of your home, to maintain what is kind of your usual standard of living,” said Karen Collins, the vice president of American Property Casualty Insurance Association’s property and environmental

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