Plenty of folks live in the Bahamas
year round and go out in boats on a very regular basis. Lots of fishing
, and tourist related activities require the boats to be on the water
. When a hurricane hits there are places those boats are stored. Also lots of cruisers who are in the Bahamas year round. If you pick up a cruising guide you can find blurbs about where boats can be anchored if a storm hits. Being in the area you may also be able to talk to the locals and get additional information.
As others have said insurance may be a problem. But the biggest hits insurance companies take are when a storm like Sandy hits a place like the Northeast where no one is expecting or prepared for a hurricane.
Not saying it is a good idea to go cruising in areas where hurricanes may hit, just that lots of folks with boats live in those areas year round.