News for hackers. Stuff that matters.

A comment on Did Insurance Fire Brigades let uninsured buildings burn?. Parent comment

Re:Did Insurance Fire Brigades let uninsured buildings burn? by mook on Monday December 19, 2022 @01:31PM (#34055703)
These costs still exist in a hypothetical year with zero fires, though. Additionally, people whose house were just on fire with zero insurance are probably not in a good financial position (anymore), and they are unlikely to be able to pay…
[ Parent | on HN ]
Re:Did Insurance Fire Brigades let uninsured buildings burn? by dantheman on Monday December 19, 2022 @01:44PM (#34055877)
If you don't have the money, then a lien is placed on the property and it will be sold to pay the debt. Or you can take out a mortgage to buy it. In any case you'll be richer than if the house is burned down.
[ Parent | on HN ]
Re:Did Insurance Fire Brigades let uninsured buildings burn? by s1artibartfast on Monday December 19, 2022 @01:46PM (#34055915)
Ability to pay still not guaranteed, depending on the financial situation. Family can easily have more that's than assets to their name, preventing collection.
[ Parent | on HN ]
Re:Did Insurance Fire Brigades let uninsured buildings burn? by Dylan16807 on Monday December 19, 2022 @09:29PM (#34060801)
You can prioritize firefighter debt over other liens.

And it doesn't have to be guaranteed if it works 90% of the time.

[ Parent | on HN ]
Re:Did Insurance Fire Brigades let uninsured buildings burn? by s1artibartfast on Monday December 19, 2022 @01:45PM (#34055899)
Your first problem is trivial cuz you can look at a multi-year average.

The second part is more significant in people simply don't have the money to pay.

[ Parent | on HN ]