The Realities of Self-Insurance: A Sophisticated Risk Management Assessment

With the mounting costs of homeowners and property insurance, many are considering self-insurance as a potential solution. As risk managers, we believe self-insurance can be a viable option in certain contexts, but when does it transform from a calculated decision to a hasty impulse? Before we delve deeper into self-insurance, let’s discuss when self-insurance is not a Learn More “The Realities of Self-Insurance: A Sophisticated Risk Management Assessment”

My Homeowners Insurance Premium Only Increased 21%

A message from Burke, Bogart & Brownell president, Lee Burke: Thank goodness, my homeowners’ insurance premium only increased by 21%. My Tower Hill Homeowners renewal premium increased from $6,851 to $8,263, a jump of 21%. I am thrilled and relieved. How can I be happy with a 21% higher premium? The answer is easy. I Learn More “My Homeowners Insurance Premium Only Increased 21%”

Summer Home Energy Savings

Beat the South Florida Heat — and Your Air Conditioning Bill — This Summer Did you know that, according to the U.S. Department of Energy (DOE), Americans spend about $11 billion each year on air conditioning? That might not be such a surprise if you’re the one who writes the check for your household energy bill every Learn More “Summer Home Energy Savings”

Fireworks Safety in South Florida

For most of us, the Fourth of July is a time to enjoy the company of family and friends, having fun and creating memories – whether away or at home in Boca Raton. But for some families, the holiday is a nightmare. Homes each year in Florida are damaged by wayward fireworks. Thousands of people Learn More “Fireworks Safety in South Florida”

Florida Homeowners Insurance Crisis Worsens

For two years we have written about the worsening Homeowner Insurance Crisis in Florida. We advised that premiums would increase – they have exploded. We warned that underwriting standards would tighten – they are now onerous. We predicted insurance companies would fail – two domestic carriers were placed in receivership in the past ten Learn More “Florida Homeowners Insurance Crisis Worsens”

Avoiding Contractor Fraud Scams

How They Target You You’re enjoying a sunny afternoon on your patio when your doorbell rings. Not expecting company, you head to the front door of your house and there stands a person with a tablet in his hand, dressed like a construction worker. You open the door, confused, and can see a van with Learn More “Avoiding Contractor Fraud Scams”

Homeowners Insurance Coverages

Homeowners Insurance policies can be confusing and have many different sections and coverages. We’ve explained some common types of coverages you can choose from when applying for homeowners insurance in Boca Raton. Personal Liability Coverage In a very litigious society, you can’t be too sure whether or not someone will sue. Let’s say your son Learn More “Homeowners Insurance Coverages”

Florida’s Insurance Crisis of 2021: Risks and Opportunities

Florida is experiencing its most severe Property Insurance crisis in the past 30 years. This is not just a crisis of exploding premiums. It is a crisis of INSURANCE AVAILABILITY. Rampant and systemic insurance claim fraud and abuse coupled with increased hurricanes have crippled the available insurance market. Today the problems are primarily Learn More “Florida’s Insurance Crisis of 2021: Risks and Opportunities”

The State of Florida’s Insurance Market: Welcome to the Thunderdome

Below is a reprint of a recent agent’s newsletter from Olympus Insurance Company. Olympus is a leading provider of Homeowners Insurance in Florida. The newsletter provides excellent insights into the current Homeowners Insurance crises. Olympus is a valued partner of our agency and we appreciate Olympus’s approval to share this confidential document. State of Florida Learn More “The State of Florida’s Insurance Market: Welcome to the Thunderdome”

Insurance Problems for Older Homes

Insurance premiums on older homes are skyrocketing and policies are becoming difficult to obtain. The available insurance market for homes built pre-1995 is disappearing by the day. Most insurance companies will no longer insure homes over 30 years of age in South Florida. Many carriers will only accept new business on homes less than 10 Learn More “Insurance Problems for Older Homes”

Tag: homeowners insurance