Self-Insuring Rental Properties

[Ben Parr]

Has anyone ever looked at self-insuring wholly owned rental properties rather than paying an insurance company?

I've been toying with this idea for a while. Obviously it only makes sense after reaching enough houses that you can take advantage of some of the law of large numbers. Also, I would only think about covering the dwelling itself, and still using an insurance company to cover liability claims.

I can't wait to hear everyone's thoughts.