Verisk estimates insured property losses of up to $35 billion from SoCal fires

The estimate includes losses to residential, commercial, and industrial properties, as well as automobiles, covering building, contents, and time element policies. It also accounts for demand surge, debris removal, and insured take-up rates. However, the estimates exclude certain items such as smoke damage losses, litigation-related losses and ordinance or law coverage losses, among others. 

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