[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