flood insurance,fire insurance or none-

[Rich Weese]

A recent post questioned whether owners buy flood insurance. There were a few posts and replies.
I've owned properties and paid insurance on well over 1000 homes in the last 40 years. Do you know how many insurance claims I've made? 1 for a plumbing flood.
There are over 40,000 members on BP, a good cross section. I want to know, how many have actually HAD a flood or fire? My belief is that insurance is a very bad investment! What are the %'s? I've never even known a house in my neighborhood to have a fire.
I have 5 condos in Cancun, some for over 30 years. I've had ONE hurricane hit, in the entire time. I had no insurance and the complete fix-up was about 12K and took 2 months. I'd have spent 10 times that if I'd bought insurance.
What are your actual experiences? Good or bad investment? Looking for %'s. Rich