this post was submitted on 04 Dec 2023
129 points (97.1% liked)

Asklemmy

43945 readers
585 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
 

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

you are viewing a single comment's thread
view the rest of the comments
[–] LemmyKnowsBest@lemmy.world 3 points 11 months ago* (last edited 11 months ago) (3 children)

ooh I didn't know that! someone without insurance rear-ended my vehicle but I chose not to pursue it because then my own insurance rates would've gone up. But heck I didn't know I could have gotten a house out of it 😄 okay but judging by the state of that guy, I doubt he had a very glamorous living situation.

[–] Pappabosley@lemmy.world 13 points 11 months ago (3 children)

You could own a room in a crack-house

[–] LemmyKnowsBest@lemmy.world 5 points 11 months ago

Honestly I doubt he had even THAT much going for him ☹️

[–] tsonfeir@lemm.ee 4 points 11 months ago

I mean, you could rent that out for a couple grand nowadays. “Market rate” baby.

[–] And009@reddthat.com 2 points 11 months ago

Side bitch pnp

[–] lazylion_ca@lemmy.ca 2 points 11 months ago

You probably wouldnt have gotten the house. Rather he'd have to sell it to pay the debt.

[–] rekabis@programming.dev 1 points 11 months ago (1 children)

someone without insurance rear-ended my vehicle but I chose not to pursue it because then my own insurance rates would've gone up.

Somehow, this sounds deeply wrong. Your insurance should cover you regardless of what happens. If it’s an act of god, the insurance company should just swallow those costs. If it’s caused by a third party who is not their customer, they should go after the company that insured the other party, or the other party directly if uninsured.

No matter what the circumstances, if you are not at fault you should never see an increase in your rates, no matter how catastrophic the damage or the costs to make it right.

[–] LemmyKnowsBest@lemmy.world 1 points 11 months ago

Huh ok that's good to know