A patch work quilt solution to HO insurance for coastal homeowners.
Raise flood insurance limits to a price which is high enough to cover almost everyone. I don't know the exact point but it could be figured out by the industry. Then put a cost of living rise for the product into the program for coverage limits.
Seperate out the claims adjustment between NFIP and the wind providers. Get a figure of total loss and have homeowner paid upfront. Disagreements between NFIP and private HO's would be worked out by an arbitration panel.
Get the long tail of the HO event covered by a federally backed RE product. Giving the industry the ability to write the bottom end of the risk in a free market style.
Anouther idea would be to have a wind policy for normal homes. Then a 3 tier model for discounts depending upon home construction methoids. One small discount for using limited hurricane wind resistance building techniques on wood structures. One bigger discount for using highly engineered methoids of construction which afford better hurricane risk for the structure. Last a biggest discount for using all concrete construction.