The Pacific Palisades area ravaged by wildfires is one of the most expensive neighborhoods, home to Hollywood A-Listers and multimillion dollar mansions. And ahead of this week's disaster, its insurance costs were among the most affordable in the country.

Over 30,000 people were told to evacuate on Tuesday as a wildfire threatens homes in the Pacific Palisades area of Los Angeles.

Fierce wildfires are raging in the Los Angeles area, fueled by powerful Santa Ana winds, sending residents fleeing from burning homes through flames, ferocious winds and towering clouds of smoke. Thousands of firefighters were battling at least three separate blazes on Wednesday,