owning in Grand Isle....what's the pitfalls?

[keakar]

Originally Posted by toodeep

insurance insurance insurance one of our customers camp is 10-12 feet off ground and his insurance is around 10,000 a yr. check that and expect it to go up many times before you pay off.

crazy as it sounds you are better off NOT paying for insurance.

in ten years you saved enough to completely rebuild it at those prices.

sure its a big risk but the gamble is worth it at those prices and they are about to go up another thousand or two a year after they redo the flood maps.

build basic, keep it simple, make anything pricey transportable if need be and skip the damage insurance and just get basic liability coverage