Will California homeowners relocate or rebuild? Both are costly [Video]

Tens of thousands of California residents will decide whether to permanently relocate or rebuild their homes after the most destructive fires in Los Angeles’ history.Related video above: Newsom invites Trump to tour fire damage in Southern CaliforniaInsurance companies may cover thousands of dollars in temporary housing and living expenses — unless homeowners are underinsured or not covered.”The policy is generally going to cover the cost of additional living expenses while you are out of your home, to maintain what is kind of your usual standard of living,” said Karen Collins, the vice president of American Property Casualty Insurance Association’s property and environmental division.For example, if someone’s insurance covers $100,000 for a property, the insurance company might cover another $20,000 — or 20% — in additional living expenses, Collins said.Peter Vanek, president of PVRK, a Southern California-based real estate consulting company, said his home was destroyed by a battery fire in …