Its not catastrophic  like I have seen in other areas  IE a house not maintain for a year or so can be out of plumb by 4 to 8 inches and require extensive work..

I think you may be underestimating the Flood Insurance costs as those rates continue to climb.Lastly, the southern Outer Banks is a unique place with crazy locals, long winters, weather catastrophes, frequent flooding and  challenging logistics. 

I have just bought 3 vacation rentals - zoned for it but never marketed properly...... it would be catastrophe for me if the local powers outlaw AirBnb and other national marketing services.

While that does seem like a low probability, it’s a pretty catastrophic scenario. 

I invest conservatively, so barring catastrophic events, I do not expect complete principal loss. 

What a great 'dilemma' to face, Mariah.In addition to the great advice already offered, I would ask: are you personally protected from a catastrophic 'black swan' event?

Financial ruin for the US would have catastrophic effects on the global economy, so exiting the US may not protect you. 

I have never heard of a deductible that high.Google Insurance Broker Kansas City, MO and let some different brokers quote this for you to find the best price/coverage.For me I just want catastrophic coverage instance the place burns down.

Just keep in mind any number of small setbacks could be “catastrophic” with regard to your financial situation if you don’t have an accessible capital short of earned income.Granted, smaller risk means small reward.

How do we research an insurance company to make sure they have the right kind of reinsurance in case there is a hurricane or other major catastrophe with lots of claims?