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Fire insurance for home? Anybody have experience?

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  1. #21

    Join Date
    Jun 2013
    Posts
    349
    Quote Originally Posted by Beanieskis:
    Wow ok. So basically even if you buy your own insurance, if others don't then your building can't be rebuilt.
    So if you buy fire insurance, and your building can't be rebuilt, then your insurance company doesn't have to compensate you at all because your building can't be rebuilt?

    So your insurance agency effectively got away with not paying for your losses because your building can't be rebuilt?

  2. #22

    Join Date
    Oct 2021
    Posts
    677
    Quote Originally Posted by orionx999:
    So if you buy fire insurance, and your building can't be rebuilt, then your insurance company doesn't have to compensate you at all because your building can't be rebuilt?

    So your insurance agency effectively got away with not paying for your losses because your building can't be rebuilt?
    No insurance company is going to take on the risk of building a whole apartment block. The payout is just cash.

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