Three-fourths of homeowners may not have enough insurance to fully cover losses after a disaster, study says

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• As wildfires ravage the Los Angeles area, thousands of homes have been lost, putting insurance coverage in the spotlight. But a study of a 2021 wildfire in Colorado suggests most homeowners are underinsured.

Wildfires ravaging the Los Angeles area have destroyed thousands of homes, but a recent study suggests three-fourths of homeowners don't have enough insurance to recoup all their losses after a disaster.