Comment Hurricane Insurability? Sovereignty? (Score 1) 124
Not sure if they have calculated the TCO completely?
If State Farm is completely pulling out of Florida for profitability reasons, what makes the developers thing this thing will be insurable?
http://www.google.com/search?hl=en&q=State+farm+pulling+out+of+Florida
It also depends HOW FAR off shore it is and if is out of International Waters?? ...then you have to consider going through Customs, and the fact that there is no Police, Fire, EMS or 911 service, etc... A real Insurance Nightmare. I suppose there will have to be signed "EULA" Disclaimers... (under what jurisdiction?) (Though some might try to make it an Amsterdam on stilts, etc... it is possible the rich stoner crowd is not too worried about insurance.)
If State Farm is completely pulling out of Florida for profitability reasons, what makes the developers thing this thing will be insurable?
http://www.google.com/search?hl=en&q=State+farm+pulling+out+of+Florida
It also depends HOW FAR off shore it is and if is out of International Waters??