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Rolling down the avenue
https://www.railpictures.net/photo/873523/
LurkerSince95 @ 23:36 – Fire Insurance
I live on an active Hawaiian Volcano. Areas on this island are ‘zoned’ by lava risk. Zone 1 “May erupt at any time”. Zone 2 “Subject to possible downflows of Lava”, etc. up to Zone 8. I live on the lava flow of 1840, hence ‘Lava Zone 2’. Insurance companies will not touch my zone. Without insurance, one cannot get a mortgage on a home here. All transactions are cash. This keeps the riff-raff and speculators out, and prices are reasonably affordable. You take the risk upon yourself. I cashed in my retirement funds (portable real estate) and bought the Volcano Ranch here when a lava flow in 2014 was threatening the nearby village only five miles away. People were trying to sell out and move away, with no buyers. My home had been hurricane damaged the year before, and a local ‘flipper’ had fixed it up and was trying to sell it. I took the bet and offered him a lowball price… and I got it! “Buy when there’s lava flowing in the streets”… or something like that. The lava flow stopped and spared the village. My home is now worth four times what I paid, but I cannot sell. This is my retirement castle.
Oh, yeah, instead of insurance I invested in fire extinguishers… lots of ’em. 🙂