Clearly some folks have money to burn and invested it in a unit along Orient (Alamanda, Club O, Mt V, etc) but I would think many would not want to repeatedly go through even an insured loss of a vacation unit. The stress has to be enormous.

This thread about Alamanda illustrates that and makes me realize that the right answer in 95% of cases is any rebuild should meet the building codes to withstand a Cat 5 storm surge and winds. Anything less than code would be built at total risk and uninsurable except at stupid, crazy prices.