Posts: 631
Threads: 53
Joined: Oct 2006
I will never purchase insurance unless I am dragged kicking and screaming to jail for not having it (car insurance, for example). All my past insurance experience is that they take your money for years, but when it comes time to pony up they make the unilateral decision (no compromises or negotiations allowed)about how little, if anything, to pay you. I am currently considering building a new cabin, but thankfully will not need a bank loan, so I can avoid the need for insurance. Of course, not everyone is in the same position...
Posts: 1,217
Threads: 18
Joined: Jan 2014
quote:
Originally posted by Punatic007
As I've written in other threads, when first building a few decades ago, in zone 2, the building inspector suggested a double ridge beam, screwed together to easily move the house in 2 pieces. We once collectively knew where we were, then something drastically changed with the building boom. Never ending HPM suburban 3 bedroom kit homes seemed to have been breeding on their own, popping up everywhere like a bad strain of mildew. It was so bizarre, yeah so much for living light on the land, and honoring Tutu Pele, or in other words if you don't know Pele....having the common sense not to get too materialistic or big on the edge of an active volcano.
Now we have all this chaos, people thinking they came to Disneyland, mortgages in tow. No, this is a place to live and tread lightly, not get too attached or materialistic, and be deeply grateful for everyday of being able to afford what would cost millions for a single small empty lot anywhere else comparable in the world without an active volcano. For so long Pele was our best friend, keeping the developers and bourgeois at bay, perhaps sanity and respect are returning to her sacred ground.
Live and let live man. You go your way and I'll go mine. You tread lightly, I'll stomp around!
Posts: 1,217
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Joined: Jan 2014
quote:
Originally posted by Rene Siracusa
I will never purchase insurance unless I am dragged kicking and screaming to jail for not having it (car insurance, for example). All my past insurance experience is that they take your money for years, but when it comes time to pony up they make the unilateral decision (no compromises or negotiations allowed)about how little, if anything, to pay you. I am currently considering building a new cabin, but thankfully will not need a bank loan, so I can avoid the need for insurance. Of course, not everyone is in the same position...
It is safe then, to assume that you have addressed all issues stemming from your property that could negatively impact your neighbors? Like clearing all dangerous tree from the property lines? Just saying - insurance is not just to benefit you but also to protect you. Or maybe you are wealthy enough to weather any litigation that comes your way...
Posts: 14,138
Threads: 424
Joined: Aug 2012
Like clearing all dangerous tree from the property lines?
Good example of the limited "value proposition" created by insurance: they won't do anything about albizzia until the trees fall and damage property. Prevention would be cheaper, except that creates a different liability problem that nobody wants to pay for.
Somehow it's always easier to clean up after the Act of God, apparently because He/She/It needs no insurance and cannot be sued.
Posts: 3,231
Threads: 109
Joined: Jun 2010
I wonder if having an LLC own your property could shield you from liability, beyond the loss of said property? It certainly seems to work for all the big evil corporations, though they also have truckloads of lawyers and political donees on their side...
Any Puna lawyers or crafty types care to comment?
Posts: 15
Threads: 0
Joined: Jun 2015
Around how much would home insurance on a "nontraditional"
Bamboo Living house in the Pahoa area likely be?
I'm assuming the primary threats are lava, earthquakes, wet weather, termites, etc?
Posts: 42
Threads: 7
Joined: Feb 2014
Email Samantha "samantha@bambooliving.com". And ask her. They are very helpful and will get right back to you.
