The news from Lake County has been absolutely devastating. The Valley Fire has been ranked the 3rd most destructive wild fire in California's history. The Santa Rosa Press Democrat reports that "1,958 buildings were destroyed, including 1,280 homes, 27 multifamily structures, 66 commercial properties and 585 other structures such as outbuildings and sheds. Four people died in the blaze that began on Sept. 12 and has burned 76,067 acres." This is a major blow to a county that was beginning to recover from the economic recession.
I cannot imagine what the residents must be going through, and I'm sure many are still in a state of disbelief and despair. We will have appraisers heading up to Lake County in the coming days to see the damage first hand and begin the process of valuing these properties as of the day before the fire broke out.
Prior to the appraisal, property owners should familiarize themselves with their insurance policies and be in contact with their insurance agents. Since the properties may be completely or partially destroyed, owners will need to help the appraisers understand the condition and quality of the improvements so that an accurate value can be estimated.
Our hope is that Lake County will quickly be able to rebuild and thrive once more.
I cannot imagine what the residents must be going through, and I'm sure many are still in a state of disbelief and despair. We will have appraisers heading up to Lake County in the coming days to see the damage first hand and begin the process of valuing these properties as of the day before the fire broke out.
Prior to the appraisal, property owners should familiarize themselves with their insurance policies and be in contact with their insurance agents. Since the properties may be completely or partially destroyed, owners will need to help the appraisers understand the condition and quality of the improvements so that an accurate value can be estimated.
Our hope is that Lake County will quickly be able to rebuild and thrive once more.
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