Think about multi family units!
A gentleman on a local radio talk show lamented about how he thought he'd acheived the American dream via real estate, slowly building what sounds like several million in assets and employing a could hundred people only to find that if he can get insurance for all his properties it will cost a fortune that must be passed on.
That is IF he can get insurance. If he can't, what then? He might not be able to sell.
Businesses are all in that boat. THey can't get in Citizens and their rates are not capped. A boat place down the street just had their insurance quadruple last year and it will double again this year. Owner is closing the place, moving to GA and laying off 50 people because the insurance costs are so high that they can't be passed on to the consumer. THing is, coastal GA is just at risk as coastal FL for hurricanes, but they don't have this insurance crisis.