Assessing which areas are more vulnerable and getting them as "hurricane-proof" as possible may be a good strategy to lower premiums yet feel protected. 

Typically, they target the elderly or what I would consider a vulnerable group to part with their equity (not always). 

Fear shows vulnerability, and while everyone has it, no one really wants to talk about it or admit it.   

It has not had a major flood for about 25 years but is vulnerable...  

What the writers for Brookings explain is,The literature has been largely silent on the liquidity vulnerabilities of the short-term loans that funded nonbank mortgage origination in the pre-crisis period, as well as the liquidity pressures that are typical in mortgage servicing when defaults are high.

This situation is worse in low-income housing like we provide, and low-income tenants feel more vulnerable against it.

"Adequate insurance" still leaves you vulnerable to lawsuits against your personal assets.

Land value capture would reduce economic inequality, increase wages, remove incentives to misuse real estate, and reduce the vulnerability that economies face from credit and property bubbles.[3]The tax burden would fall on land owners and cannot be passed on as higher costs or lower wages to tenants, consumers, or laborers.5.

They also are less vulnerable to apartment overbuilding or declines in value(but it can happen) than condos.

Our obvious concern is to minimize our liability and protect the assets, particularly as we feel fairly vulnerable in what is of course litigation land these days.