My concern is whether they’re reliable — especially in the event of a catastrophe elsewhere.

A catastrophe verging on total absolute calamity to bring Americans together as a unified, roll up the sleeve, do what we gotta do "UNUM". 

Frankly I don't expect much from it other than catastrophe coverage and to satisfy the lender.

You do however set yourself up for possibly catastrophic tax situations down the road if you're successful as a real estate investor.

Personally, I like to keep slightly higher reserves with a higher deductible and only plan to file claims in cases of large/catastrophic losses.

The size, scale and severity of the problems POTUS Trump inherited is so catastrophic, that choosing a path of extremity, it has some merit. 

As for the lack of burnable material in the Palisades and other areas now, insurers will want to rebuild reserves and augment reserves for the next time, not to mention not exposing themselves to risk on this scale again.what I see happening is that the government will simply cut the Gordian Knot by using eminent domain to seize properties and redesign/rezone the whole area so that it's more defensible against natural- and human-caused catastrophe.

There will always be storms in between but not to the level of catastrophe that these once every 40 years or so storms bring.From a real estate point of view, after Camille most of the focus was to rebuild the residential that was destroyed. 

Because, Well, there is a lot of downside and the results can be very catastrophic to an investor who does things improperly.Same with taxes, everybody's situation is different, so hearing the things to avoid helps a lot of people before they get into trouble.

Sec. 1.469-5T.And then there are two catastrophic mistakes to avoid:1.