Assignment of benefits. You can assign your insurance benefit to a contractor in FL. Contractor finds one broken tile and says you need a new roof. They file a claim with your insurance for double the cost of a new roof when all you needed was a small repair. That happened over and over after Irma

I was dropped by my insurance company every year after Irma. New company would be 50%+ increase each year then drop me again the next. Now I can only get insured from the state backed company and they constantly shop my home to outside companies. If they can find someone to insure me for less than a 25% increase on their premium then they can drop me as well. Their renewal on my policy was 30% increase this year.

If I had a lender that allowed you to not be covered for wind (hurricane) coverage that would be great but I didn’t know that even existed. My plan is to pay off and self insure when my premiums out cost the advantage of my 2.25% interest rate on my mortgage. That may happen sooner than later at the rate they’ve been increasing.

Oh and btw if you don’t have all the wind mitigation on your house like impact rated windows and doors, and a strapped roof you’re screwed bc the insurance companies will require it. That could be $40-$100k++ depending on the size of your house.

The crazy thing is that surge is what causes all the damage in a storm not really wind even in a cat 3 or 4. Yet all the insurance shenanigans are based on wind coverage which is required by lenders.