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The Insurance Analysis Group estimates that around 74% of California homeowners are underinsured when it comes to total property loss. An alarming aspect of this issue is that alternative living expenses (ALE) typically only cover about 20% of the chosen home coverage. For instance, a home valued at $700,000 would leave homeowners with only $140,000 in ALE, a stark reality for those who may find it takes years to rebuild, especially as rents continue to rise.