California E&S Insurance

Correct. Our rebuilds are worth more than pre fire in Colorado whether or not you built, smaller, bigger, or the same foot print. And we mostly built at pandemic prices. So was about double the price per sq ft pre pandemic. These were mostly 30 year old homes that were destroyed. Remember too now you will have new houses in a highly desirable area that wasn't available unless they were torn down and rebuilt. The bigger question is how fast will the neighborhoods rebuild. Here in Colorado we will be about 85% rebuilt by the end of four years post fire. It was 70% by the end of three years. Houses went up in price as we near build out despite the interest rates around us. It took us 1,169 days to rebuild because we had to rebuild a tall, 10 feet up to 18 feet high, retaining wall for five houses first. Took 27 months to build it. Insurance took nearly two years to get paid out all that we were due. My neighbor across the street is still working on her personal inventory with same insurance company.

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