Before Going It Alone: Key Issues to Consider Before Self-insuring a High-value Home

Across the United States, coverage for homes, autos and valuable collections have increased at a double-digit pace. In states that have experienced multiple disasters, particularly Florida and California, affluent homeowners have seen premium increases of at least 20% and higher. Others must scramble to find any coverage as carriers continue to pull back—or completely tap out—from the most disaster-prone regions. If you have reached the juncture of going without homeowners insurance or assuming the risk on your own, there are key considerations to take into account, as well as important measures to help reduce the cost of protecting your home and possessions.

For more actionable insights, see Going it Alone: Risk Management Practices for Self-Insured, High-Value Properties.