Hmmmm! When we bought the house we are in now and did not have to finance it, we decided to self insure and save tons of money. Heck! The house has been here since the 40's and must be able to withstand hurricanes.
Might have the new porch ripped off, but it would be cheaper to pay for it myself than have insurance pay for it.
We were zapped twice in one year at Ricks Place and had over $125,000 in damage and the insurance ducked all of it.
The good part was we got an SBA Loan at 4% that saved the day.
Rick