this post was submitted on 15 Jul 2026
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Political Memes

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[–] weeeeum@lemmy.world 18 points 4 days ago (2 children)

Insurance only covers the PAPER value of the asset, It doesn't factor at all the lost profiy, revenue, productivity, the years it could take to build a new one, etc. Not to mention irreplaceable machinery that has been out of production for decades, and replacement would require reverse engineering, and rebuilding it part by part.

[–] CADmonkey@lemmy.world 5 points 4 days ago

Part of my job is taking broken, rusted bits of scrap metal and figuring out what it used to look like so a new one can be made. That's an expensive and time consuming process and I bet its also not covered by insurance.

[–] IpsumLauren@lemmy.world 1 points 3 days ago

There's no rebuilding. The boss just gets a bunch of money and move to another business. It's like insurance fraud but without the risks, because the arson is made by someone else.