California E&S Insurance

It doesn't exist, sorry. The closest you're going to come is for people who were well insured and had Loss Of Use coverage on their homeowner's policy. In theory, those people could rent a home with their LOU funding, and sublet part of it (likely both in violation of the law and violation of their insurance policy) to someone else who needs housing, thus bringing in supplemental income to help finance the rebuild. The problem is, the folks who are going to have trouble rebuilding weren't paying for extra insurance in the first place, and it's too late now to get it. This is kinda where reality runs into the desire for rebuild and return to normalcy. Right now, many people were only barely getting by before the disaster, and are now stuck in a spot where everything goes wrong at once, and there's little to no safety net to catch them. 1. They suddenly have to pay high temporary housing costs out of pocket, which have just been made more expensive due to increased demand and decreased supply. 2. They may have also lost jobs, or kept the job but lost hours or income. 3. They lost community support like nearby family or friends who can help shoulder the load of childcare or elder care, or even just emotional companionship in an incredibly traumatic time. 4. They lost easy access to stores and other services, which will drive up all day to day living costs in both time and monetary costs. 5. Somehow they'll be expected to go through not just a home build, which is one of the most stressful experiences a middle class American may ever go through, but a disaster cleanup on top of it. Put these all together and you run into the situations in the larger PDF I linked, and cause community collapse. There are good strategies in that PDF, but whether any government and community can pull off enough of them at once to keep things afloat is unknown. So far, the answer has always been "not well enough". In terms of financing, folks don't have great options. If there was a free lunch, people would already be using it. Commercial loans are much higher interest rates than residential mortgages and generally require the borrower to put up far more collateral. (10% to 40% downpayment is pretty normal, compared to 5% for most home loans with PMI). Construction loans offer a deferred payment schedule, and may be an option for many homeowners to help cover the gap, but they don't cover the increased cost of living in the middle. Some form of disaster loan offered by the government is a viable option, if you can convince other taxpayers and their representative to create it. It's going to be a political battle though.

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