Post #9703 by longtimebrk on the Berkshire Hathaway board

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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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"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.

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