Insurance In Coastal Zones

[jyl]

This is an interesting article.

http://www.washingtonpost.com/wp-dyn/content/article/2006/12/01/AR2006120101759.html

I'm thinking that there's going to be some nice bargains in waterfront property, as long as you're content with a modest cottage (something you can self-insure) rather than a mansion.

[Bill Verburg]

Insurance is what killed the Muscle cars

I have a house w/i a 100yds of the Intercoastal, ~1mi from the Atlantic. My insurance has quadrupled in just the last year, I consider myself lucky to have been able to get any. The deserts of Nevada are loking better every year

[Joeaksa]

Bill,

Come on out. We are 4 hours from San Diego or Rocky Point Mexico if you need your sailing fix. No hurricanes, tornado's, snow, sleet and so on.

There is a reason why we put up with the summers here and its the wonderful 9 months of descent weather when everyone else is hunkered down inside.

[Moneyguy1]

Bill...

We are even closer....

But ya gotta get used to the snakes, scorps, spiders.....

[Joeaksa]

Bob,

You guys have them in Tucson but not up where I live! That said, given the choice I would take Tucson anyday over Phoenix but its still Arizona!

Hey, anywhere here in the SW, Nevada, Arizona, Utah or New Mexico gets my vote.

[Moneyguy1]

Joe..

Have a stepdaughter that lives in Cave Creek (near you). Javalinas, coyotes, scorps. Sitting outside after dark (behind a 6 foot chani link fence) is like your own private zoo!!

Outsiders do not understand how many different faces AZ has. Up north, lotsa snow and skiing....west "coast" has agriculture, central is hot, south varying from moderate in the higher elevations with forested areas to semi arid. Some of these areas are within a few miles of each other.

I gotta agree about Tucson over Phooeynix...We have hot summers, but not as hot; generally 5 to 8 degrees cooler. Of course, the developers will not be satisfied (or leave) until they turn the Old Pueblo into a little Phoenix and destroy it completely.

Why did I move here? I know where I am going to spend eternity and just wanted to get acclimated.

[Bill Verburg]

When I was a lad I spent a lot of time in the west. One of the most memorable days was a drive from Yosemite across Nev. on US6 in a drop top Blazer. I fell in love w/ that part of the world, but could never quite manage moving there.

I was speaking to a real estate developer near Pahrump last week, he made it sound very appealing

[jyl]

Originally posted by Bill Verburg
Insurance is what killed the Muscle cars

I have a house w/i a 100yds of the Intercoastal, ~1mi from the Atlantic. My insurance has quadrupled in just the last year, I consider myself lucky to have been able to get any. The deserts of Nevada are loking better every year

Do you need insurance? If it weren't required by someone else, e.g. lender, would you choose to have insurance?

I guess I have a vision that maybe some property on the Atlantic coast will become effectively impossible to insure. Then their value may drop a lot. At that point I'd be interested in buying some of that devalued property.

I'd put up a structure that I wouldn't need to insure, a small cottage/cabin that I'd consider basically disposable. Cheap, brightly painted, ephemeral, and charming. One or two small bedrooms, uninsulated, a sleeping porch, minimalist propane appliances. Extra guests get tents. Basically a return to what beach cottages used to be, before they became 5 bedroom $2MM show-off
mansions.

(This is kind of theoretical, since I live on the West Coast, but this is what I'd dof I lived on the East Coast.)

[Bill Verburg]

Originally posted by jyl
Do you need insurance? If it weren't required by someone else, e.g. lender, would you choose to have insurance?

I guess I have a vision that maybe some property on the Atlantic coast will become effectively impossible to insure. Then their value may drop a lot. At that point I'd be interested in buying some of that devalued property.

I'd put up a structure that I wouldn't need to insure, a small cottage/cabin that I'd consider basically disposable. Cheap, brightly painted, ephemeral, and charming. One or two small bedrooms, uninsulated, a sleeping porch, minimalist propane appliances. Extra guests get tents. Basically a return to what beach cottages used to be, before they became 5 bedroom $2MM show-off
mansions.

(This is kind of theoretical, since I live on the West Coast, but this is what I'd dof I lived on the East Coast.)

There are a lot of double wides near the beach

[nota]

I am amazed at the junk low teck roofs used on over priced homes
most are 2x4 truss with cdx ply [single layer] power nailed

my old house had tongue and groove pine on 4x8 beams
all hand nailed no truss or other support
it survived many hurricanes inc andrew from its 1940 build date

but the bahamas know how to realy build a roof
heavy beams 4x8 or better with 3 layer a/c ply SCREWED
and glued like a boat hull sure it cost a little more
but it stays in place unlike the gun nailed single layer junk
BUT THE LOCAL [miami] building code willnot approve that type
here NUTS

after andrew you could tell the build date by the dammage
new JUNK roofs blew off and the older homes stayed intack