La Cuenta RegreZIHva

I don't have insurance on my house in Florida which is on a barrier island, but that's only an option with no mortgage. Many insurance companies won't write homeowners coverage, which leaves you with Citizens, established by the state as the insurer of last resort. As a cash buyer, Citizens would only write about half of the replacement cost of my house. There are 'non-admited' carriers, but good luck filing a claim if there is a disaster because they probably won't have enough reserves and will go out of business. 16 insurance companies became insolvent when Andrew struck south Florida in 1992. We were in Ft Lauderdale at the time and it was a mess, but nothing like Miami. The other option is to move inland and leave properties at or near the beach to cash buyers who can take the loss if a hurricane hits.