Amazeview Team
The New Year’s Day this year witnessed a small fire in the Skull Rock trailhead located in the Pacific Palisades area. It was contained then, but it had surely raised concerns because of Los Angeles’ dry and windy weather.
A week later, the massive Palisades Fire broke out in the same area. To date, this is the largest, most harsh of LA wildfires. The strong Santa Ana winds paired with extremely dry vegetation in the area seem to have acted as fuel in this situation.
While the government has taken the initiative to offer relief for the victims of California wildfires in LA, it will take time for the residents to completely recover financially.
Financial Impact of Wildfires on LA Residents
The direct losses that people are facing due to LA’s wildfires are damaged properties and loss of personal belongings.
Several viral videos have captured the sentimental value evacuated residents feel for their homes. Other indirect losses include lost wages for some time, relocation costs, and medical bills.
Rebuilding a home in LA costs $200-500 per square foot. This could mean paying $400,000 for a typical 2,000 sq. foot home if insurance doesn’t cover all the costs. Financial strain adds to the emotional stress that the citizens of LA are facing today.
Government Resources for Financial Relief
The government is supporting victims through financial assistance in these tough times. The Federal Emergency Management Agency (FEMA) sees the wildfires in LA as a major disaster.
You can claim a one-time federal payment of $770 for immediate needs. You may apply DisasterAssistance.gov, the FEMA app, or by calling 800-621-3362.
There is also support through funds for temporary housing, home repairs, and other expenses. The Small Business Administration (SBA) is also offering low-interest disaster loans to businesses and homeowners for recovery. Furthermore, the deadlines for filing taxes have been extended for the victims.
Personal Loans for Additional Security
Apart from covering the immediate costs and repair expenses, you can depend on personal loans from reliable online lenders (like My Payday Loans Online) to cover extra costs. You may borrow up to $5,000 and repay in manageable monthly installments later.
Their approval processes are quick and you’ll receive the funds you require on the same day. There are no credit score checks, collateral requirements, or lengthy documentation processes. This makes the process convenient, hassle-free, and quick. It will help you cover urgent expenses for some time.
How to Recover After a Wildfire?
The wildfire in LA has surely caused a lot of damage around the city. But moving forward, you can face this situation strongly by focussing on the recovery:
- Assess the damages that have been caused
- File insurance claims
- Apply for government relief programs mentioned earlier
- Use personal loans to fill funding gaps
- Prioritise necessary expenses and stick to a budget
Tips for Rebuilding & Preparing for the Future
Moving ahead there are a few safety measures you can take to avoid similar situations in the future:
- Use fire-resistant materials when rebuilding your home
- Plan for disasters ahead, and build an emergency fund for this separately
- Get insurance coverage for your property
- You can join local communities that try to bring awareness about accidental fires
The LA wildfire is the most devastating one in the city’s history, but moving ahead victims can get financial relief and rebuild for a better future.
