My prayers go out to all those Houstonians riding out the storm. I live in West Houston but decided yesterday to head up to my parents' house in Fort Worth.
While our thoughts now are on everyone's safety, soon enough we'll be thinking about insurance, deductables, repairs and contractors. No one buys an investment property with the expecation that it will get knocked down by a hurricane - but unexpected things happen, and when they do they're usually bad.
Skimping on insurance is a way that some investors nudge a borderline property into positive cashflow territory. Ask yourself about the risk/reward tradeoff.