Subject: Re: OT: Hurricane Strength and Damage
"the comments I am hearing are giving some evidence the significant increases in insurance costs are pushing into the fear zone for our friends on fixed income (retired) who currently own beach property."

I have 3 waterfront properties. I no longer carry wind and just self insure. All the homes are built for Cat 5 winds. Flood insurance is very cheap since it is subsidized by the Federal Government. Capped at $250k of damages.

Newer waterfront homes built at the right elevations and to the highest standards are in very high demand. I have turned down two unsolicited offers on my latest build on Marco Island.

The older homes and condos are falling in price. No one wants the risk.