Insurance can feel abstract until you need it. Month after month, year after year, you pay premiums without filing a claim. Then, suddenly, that policy is the difference between owing massive debt and having the costs covered.
These are the stories of people who were grateful they had the foresight to insure themselves before disaster struck.
Home insurance payouts
1. Louise Hamlin wildfire damage
The Eaton Fire destroyed Louise Hamlin’s 1,500-square-foot home in Altadena, California. Within weeks, her homeowners policy had paid nearly $1 million, and she was already searching for contractors.
The money could not replace the neighborhood she…
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