Think about self insuring my properties

[Mark Fries]

I pay about 40k a year in premiums for my properties. I am well versed in the practicalities of having coverage but as my portfolio grows it's becoming a hassle to monitor and deal with it. Thinking about taking that same 40k each year and put it into an interest bearing account or other fund and let me work for me....if a property burns down...just bulldoze it and move on? I have a 10 mill umbrella policy in place and will always keep that.

Any thoughts?