Investing in Florida - Insurance

[Jayson Ewert]

I've considered buying in Florida (Ft. Myers area) for a while due to the desirable climate, population growth, low property taxes, and consistent tourism. On the other hand, I see some risk on the insurance side. Several insurance companies have pulled out of Florida entirely due to the cost of paying out expensive insurance claims from floods, hurricanes etc. Do you think the positives outweigh the negatives? Especially with insurance premiums being one of the highest in the continental US.