Tens of thousands of people have fled their homes as a wildfire in the Pacific Palisades killed at least five people and burned more than 21,000 acres within three days, reaching 8% containment Friday as firefighting efforts continue.

As hundreds of Los Angeles residents return to find homes reduced to ashes due to a devastating wave of wildfires, many are fearful that their insurance policies may not cover the rebuild cost and that future premiums will be astronomical.