Fox News contributor Mary Katharine Ham and Zuma Global President Heather Zumarraga discuss California’s lack of resources to fight the ‘heartbreaking’ wildfires on ‘Making Money.’Â
Experts say it’s incredibly difficult to gauge a timeline of when victims of the California wildfires will receive their insurance payouts, noting that it could be anywhere from a few weeks to several years.Â
Candise Shanbron, managing partner of property damage law firm Cernitz Law, told FOX Business, that no one knows how long it will be before residents who have been impacted by the fires, which erupted this week across Los Angeles, will see insurance payouts.
Brian Braswell, senior vice president at independent insurance broker The Daniel and Henry Co., said the timing depends, in part, on the insurance company, coverage in place and the policy terms as well as the volume of claims.Â
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