Insurance is a crucial component. Insurance companies decline selling insurance (think California where insurance was dropped a year before the Palisades Fire) and when you want to buy or (re)build and can't buy insurance, you're out of a buying or rebuilding loan. Banks won't offer loans if you don't insure the property.
If you're hit by disaster like our fellow citizens in Lahaina (HI), Santa Rosa & Paradise (CA), Florida or North Carolina and the insurance company denies your claim or delays it, you can't rebuild and may be forced to sell your land pennies on the dollar. Many of those folks in LA's Palisade and Ventura are more affluent and should be able to rebuild but we'll see. I personally believe it's a component of Satan Klaus' (Schwab) own nut'n and be happy and designed to reduce we commoners to peasant/tenants in their neo-feudalistic order. You might want to check out 15 minute cities and fires allow them to "build back better."
Sidenote: An insurance adjuster/classmaate once drilled into our little study group that insurance companies aren't there to insure people against loss. They're profit-driven and paying out ducats is contrary to their interest.
