$75 is some pretty cheap insurance to make sure if anything ever does happen, you're at least not going to be facing a total loss.
Here's a question: Can you still get home owner's insurance if the insurance company knows you
didn't pay the fee?
Cause that would suck.
It's obvious this guy has money and was just being a cheap-skate when he says he'll pay the firefighters anything to fight the fire.
If you never get burned, you'll never stop playing with fire
(pun intended)