In the wake of yesterday's earthquake there are likely to a substantial number of home owners (let's for the moment restrict this to home owners) who are under insured or have no insurance at all.
Some of those homes will have to be demolished while others will require a substantial rebuild.
Question .... does society have a responsibility to help those who by omission or commission have contributed to their own misfortune?
Well we do in many other instances i.e. the drunk driver who injures him/herself.
Do we just say to the family involved "on your bike down to the nearest HNZ office and get your name on the waiting list and buy a tent until your number comes up" or, should the State adopt a much more proactive and innovative response such as offering suspensory loans, secured against the property (where sufficient equity remains) to be repayed at some future date.
Not easy and I can think of as many cons as pros.
Interested in your thoughts though.
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