Insurance companies do pay out if demonstrated x wind component it exceeded.
FYI i have landed an FR150 (Demonstrated X-wind of 24kts) in a wind that 100 at 30G40 ( on Runway 03). The wind veered as we were turning base to final. We cleared to land and told we could reposition for an into wind runway if required. However I carried on and had no problem landing. Crabbed over the numbers, swtched to wing down and got onto the runway, with plenty of aileron and rudder to spare.
However, I wouldn't plan to a destination knowing that wind was like that. I was ready to go around all the way down the approach. There's also the possibility that the windspeed dropped significantly for my last 1/2 mile final!