Riot Over Insurance Costs?

I almost bought a house in FL. The guy who owned it was 80 something, former Doctor. He had only invested in property his whole life.

Told me that his entire life, he never financed a house.... and never had homeowners insurance.

This man owned 3 houses on the St. Johns River, on the coast of FL. No Insurance, ever.

Yeah, there are some really stupid doctors out there.
There are two types of Self Insuring for a property really... Self Insuring the property and Self Insuring the liability. I would never recommend self insuring the liability.
Yeah, I have seen some reasonably sound arguments for self insuring the property. Not many, but some.

The liability can get into some big numbers, and the cost is usually pretty low, so that can be a hard argument to make.