Greater Los Angeles Wildfires

[jerzboy]

So in reading that CBS news article about insurance, some quick math:
-Per article, there are about 9,000 homes in the Palisades area
-Average value of homes in that area are about $3.1 million
-Average cost of insurance on the FAIR plan is about $3,200/year (more then double typical rate)
-So that means State Farm (and others) would charge about $1,600/year
-If every homeowner had the FAIR plan, they would only collect $28.8 million/ year (Regular insurer: $14.4 million)
-That $28.8 million/year collected would only cover 9 of the 9,000 homes (Only 4/9000 homes on the regular carriers plans)

So what would insurance companies do? Where are they getting the rest of the money?

What I would like to know is how much it cost to build a typical home in that area. Not the value of the land but the pieces to build a home; pardon my ignorance.

 

[JT-Money]

So many black people affected
This is sad

Trying to save your home from fire using bottled water.

This country ain't shyt.

 

[BK The Great]

 

[charknicks]

What I would like to know is how much it cost to build a typical home in that area. Not the value of the land but the pieces to build a home; pardon my ignorance.

Fair point. I live on NC so Im not out in Cali, so i dont know that answer. But safe to assume if a home is valued at $3 million, you should have insurance to rebuild the structure of the home in the $2-$3 range. Plus the cost to build back in some of those hills, etc.

Also, the insurance companies cover your items in the home (usually 60-70% of your Home value), so they will be paying each Homeowner that out as well.

Insurance should be paying (example on a $3 million home):
-Home structure ($2-$3 million)
-Personal items ($1-$2 million)
-Loss of use (to live in a hotel for a while due to the fire)- about $400k-$600k

 

[Silkk]

So should LA County just scalp the mountainsides to prevent fires in the future?

Would fukk up a lot of wildlife shyt.

 

[Trojan 24]

Another false evacuation alert, they need to fire somebody

 

[BK The Great]

 

[IIVI]

So should LA County just scalp the mountainsides to prevent fires in the future?

Like someone already mentioned the hit to wild life and ecosystem can potentially be really bad.

Usually experts don’t want to do anything that threatens an ecosystem because it bring harmful effects. Making the whole thing concrete for example only raises global warming because concrete stores/releases heat like crazy. Removing brush additionally impacts soil quality. Additionally brush protects against flooding.

At the end of the day, people need to be aware of the risks living in certain areas. Wherever you live, you need to know what you’re up against.

Engineers understand the concept of “tradeoffs”, most regular people need to be aware of these things though. Not blaming, but can’t be naive either.

 

[Absolut]

Another false evacuation alert, they need to fire somebody

They have top down oversight

 

[Absolut]

Like someone already mentioned the hit to wild life and ecosystem can potentially be really bad.

Usually experts don’t want to do anything that threatens an ecosystem because it bring harmful effects. Making the whole thing concrete for example only raises global warming because concrete stores/releases heat like crazy. Removing brush additionally impacts soil quality. Additionally brush protects against flooding.

At the end of the day, people need to be aware of the risks living in certain areas. Wherever you live, you need to know what you’re up against.

Engineers understand the concept of “tradeoffs”, most regular people need to be aware of these things though. Not blaming, but can’t be naive either.

That’s exactly why the insurance companies bailed though. Can’t have it both ways. You either mitigate the risks as absolutely best you can , or you assume the risk and take a gamble with your home in an obscenely high risk area

 

[IIVI]

That’s exactly why the insurance companies bailed though. Can’t have it both ways. You either mitigate the risks as absolutely best you can , or you assume the risk and take a gamble with your home in an obscenely high risk area

Yeah, at the end of the day there simply is no silver bullet solution.

It’s all probability really and why that along with knowing tradeoffs are a big part of the standard Engineering degree.

Many people even say the most important class you learn in those field may be that Upper Division Probability/Statistics course because then it can hopefully train you to approach the world in that matter.

So this really seems like an engineering problem for example and to understand why certain moves aren’t made in locations, you probably got to understand the trade-offs and odds.

 

[daboywonder2002]

So as far as impact, how does this compare to Katrina in New Orleans?

 

[Absolut]

Yeah, at the end of the day there simply is no silver bullet solution.

It’s all probability really and why that along with knowing tradeoffs are a big part of the standard Engineering degree.

Many people even say the most important class you learn in those field may be that Upper Division Probability/Statistics course because then it can hopefully train you to approach the world in that matter.

So this really seems like an engineering problem for example and to understand why certain moves aren’t made in locations, you probably got to understand the trade-offs and odds.

Yep a good stats course can do everyone some good

 

[Absolut]

Top down oversight eh @dora_da_destroyer

 

[jadillac]

Y

You might not like it, but I partially blame Trump for these individual fire setters.

So far, the ones I've seen they appear to be Hispanic. When you stoke the flames of immigration and threaten ppls livelihood in a trashy fashion, and do so publicly, they have nothing to lose and will act out.

It's a terrible thing to do but when some ppl come from a terrible place, and possibly being forced to go back, they have no conscience. Especially when you make them feel less than human. So they will burn sht down.

Not saying they shouldn't be sent back, but Obama had the largest mass deportation in American history and most ppl don't even know that fact bc he didn't behave like Trump