Re:Did Insurance Fire Brigades let uninsured buildings burn?
by s0rce on Monday December 19, 2022 @12:53PM
(#34055158)
Do people have that cash lying around, what guarantee would you have that people would pay? Maybe you can take the deed to the house that you saved?
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Re:Did Insurance Fire Brigades let uninsured buildings burn?
by modderation on Monday December 19, 2022 @01:08PM
(#34055372)
If they do have that cash laying around, hopefully it's not stored on-premises.
Re:Did Insurance Fire Brigades let uninsured buildings burn?
by jefftk on Monday December 19, 2022 @12:58PM
(#34055232)
Seems like the agreement could be backed with the threat of a lien on your property.
Re:Did Insurance Fire Brigades let uninsured buildings burn?
by triceratops on Monday December 19, 2022 @01:02PM
(#34055288)
The property that just burned down?
Re:Did Insurance Fire Brigades let uninsured buildings burn?
by michaelt on Monday December 19, 2022 @01:06PM
(#34055332)
The fire brigade would borrow the technique of Marcus Licinius Crassus and buy your property as it burned, improve its value by extinguishing the fire, then rent it back to you.
Re:Did Insurance Fire Brigades let uninsured buildings burn?
by s0rce on Monday December 19, 2022 @01:19PM
(#34055535)
Presumably they would save it by extinguishing the fire then if you can't pay the cost of the service they take the property or place a lien on it.