My comment is off-topic, but I am unclear what insurance would pay in the case of a total loss of a home/neighborhood. For example, a small one bedroom home in the Pacific Palisades might have had a FMV of $2M. Let's assume the structure itself has a replacement value of $150k. On a typical policy, would insurance pay $2M in case of total loss, or $150k ? What if the neighborhood is destroyed and that land is now worth ~10% of what it was prior ? Would insurance then pay out closer to the $2M ?