Devastating L.A. wildfires could impact California’s home insurance market. Here’s how

The vast property damage in a disaster-prone state with high real estate prices could make coverage more expensive and even harder to find.

The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.

The wind-driven blazes that started Tuesday roared through neighborhoods from the Pacific Coast inland to Pasadena and the Hollywood Hills.