https://fortune.com/2025/01/13/la-fires-real-estate-investor-robert-rivani-malibu-mansion-insurance-payout/
Rivani said no insurance company would cover the Malibu mansion for its full value, forcing him to turn to California’s insurer of last resort. But the state’s FAIR Plan coverage for residential policyholders maxes out at just $3 million.
In addition, he told the Journal that he expects to make mortgage and property tax payments that together will exceed $100,000 per month—despite the fact that the house is gone. (Homeowners affected by the fires can qualify for temporary relief on mortgage payments and property taxes.)
legit, the location is fucked. the views are all that place has going for it, and while west coast sunsets can be a 10/10 experience... 30 years of them aren't worth $27M. get some custom made 8k display on a wall and get an actual place in a real community and save $20M. somewhere walking out your front door doesn't mean getting pancaked by some coked out IP lawyer powersliding down the highway in his hand polished robin's egg blue aston martin at 8am.